Cramo Plc                                            Stock exchange release 2 April 2019 at 13 p.m. EET

Changes in Cramo Group Management Team

Mr Peter Bäckström, Executive Vice President, Scandinavia, and Managing Director, Cramo AB, and Mr Mattias Rådström, Senior Vice President, Communications, Marketing and Investor Relations, both members of the Cramo Group Management Team, will leave the company with immediate effect. Mr Joakim Schedvins, currently Head of Finance, Cramo AB, has been appointed as acting head of Equipment Rental Scandinavia until a permanent replacement is found. Mr Aku Rumpunen, CFO of Cramo Group, will take over the Investor Relations duties going forward.

Mr Joakim Schedvins (1976) started during 2018 in Cramo AB as Financial Director. He has worked in several different companies as CFO and has also a background within management consulting.

“Mr Schedvins has fast learned our business and our Shape and Share strategy. I am very satisfied that Mr Schedvins will be acting as head of our Equipment Rental business in Scandinavia”, says Mr Leif Gustafsson, President and CEO of Cramo Group.

Mr Peter Bäckström has been employed by Cramo and a member of the Group Management Team since 2017.

Mr Mattias Rådström has been employed by Cramo and a member of the Group Management Team since 2016.

“I want to thank Peter Bäckström and Mattias Rådström for the work they have done for the company and wish them all the best for the future”, says Mr Leif Gustafsson.

Cramo Plc Leif Gustafsson President and CEO

Further information: Mr Leif Gustafsson, President and CEO, tel: +358 10 661 10

Distribution: Nasdaq Helsinki Ltd. Main media www.cramogroup.com

Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in about 300 depots in 14 countries. With a group staff around 2,700, Cramo's consolidated sales in 2018 were EUR 780 million. Cramo shares (CRA1V) are listed on Nasdaq Helsinki Ltd. Cramo Adapteo is the sub-brand for Cramo’s modular space operations.

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