Demag Cranes AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Demag Cranes AG 

22.03.2012 14:20

Dissemination of a Voting Rights Announcement, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Notification pursuant to sec. 27a para. 2 Securities Trading Act (WpHG)


Reference is made to the voting rights notifications of Cornwall
(Luxembourg) S.à r.l., Elliott International Capital Advisors Inc., Elliott
International, L.P., Elliott International Limited, Hambledon, Inc.,
Maidenhead LLC and Wolverton (Luxembourg) S.à r.l., (together 'Notifying
Parties') pursuant to sec. 21, 22 WpHG (cf. announcement of Demag Cranes
AG, March 22, 2012).

Following the crossing of the 10 percent threshold on March 15, 2012, the
Notifying Parties notify to Demag Cranes AG pursuant to sec. 27a para. 1
Sentences 1 and 3 WpHG in respect of the objectives pursued with the
acquisition of the voting rights, that:

1. the prevalent aim of the investment is implementing strategic objectives
where the sale of the shares shall not be excluded;
2. the Notifying Parties plan to acquire further voting rights within the
next twelve months by means of a purchase or by other means;
3. the Notifying Parties intend to exert influence on the appointment or
removal of members of the issuer's administrative, managing and supervisory
bodies; and
4. the Notifying Parties intend to achieve a material change in the
company's capital structure, in particular as regards the ratio between its
own funds and external funds and the dividend policy.

In respect of the origin of the funds used to acquire the voting rights the
Notifying Parties notify pursuant to sec. 27a para. 1 Sentence 4 WpHG that
the acquisition of the voting rights is financed by 100 percent of equity.

Düsseldorf, 22 March 2012

Board of Management



22.03.2012 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Demag Cranes AG
              Forststraße 16
              40597 Düsseldorf
              Germany
Internet:     www.demagcranes-ag.com
 
End of Announcement                             DGAP News-Service
 
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