Jungheinrich Reaches Agreement With New Dealership Network

February 13, 2009—Richmond, Va.-based Jungheinrich Lift Truck Corp. has reached an agreement with Equipment Depot of Ohio to further expand its dealership network in North America. Jungheinrich will complete a sale of assets and the virtual relocation of its factory store in Cincinnati to Equipment Depot of Ohio around March 1, 2009. The restructuring and transition allows Jungheinrich to extend its reach to more potential customers and provides opportunities for further expansion in the Northeast.

Equipment Depot's dealer network in North America has achieved over $400 million in sales and employs 1,750 personnel. The network consists of five regional equipment dealers with 40 locations in 12 states, including the former Portman Equipment Company, recently renamed Equipment Depot of Ohio. The overall network locations span from the Midwest to the Northeast, as well as a South Central region.

Ed Neyer, president and CEO of Equipment Depot, stated "Jungheinrich is truly a premier lift truck brand which now provides our customers with a broad selection of quality order pickers, reach trucks, and other lift trucks for their warehousing needs. Their feature-rich line of turret trucks will be an exciting addition to our systems group, and will boost our ability to help customers optimize the flow of material in their warehouses and distribution centers. We welcome Jungheinrich to our successful organization and expect them to be a significant contributor to our continued growth."

John Sneddon, president of Jungheinrich Lift Truck Corp., also stated "We are very excited about this move because the business opportunities are far greater with Equipment Depot than any other alternative approach we considered—including retaining our Cincinnati factory store. We have a very optimistic and positive outlook for the near future as we effect this transition over the next month or so." Sneddon also indicated that "a number of the key Jungheinrich Cincinnati factory store staff will be transferring to Equipment Depot."

All current customer contracts and agreements with the Jungheinrich factory store, including rental contracts, will be transferred and supported by Equipment Depot.

For more information about this new dealership agreement, contact Jungheinrich Lift Truck Corp., 5601 Eastport Boulevard, Richmond, VA 23231; (804) 737-7400 or visit www.jungheinrich-us.com