On signing a refinancing agreement dated 18 November 2010, Demag Cranes AG has taken out a syndicated revolving credit facility amounting to EUR 350,000,000 with a maturity of five years for which the significant companies of the Group are jointly and severally liable to the lenders. The agreement includes a revolving credit facility for cash drawings amounting to EUR 200,000,000 and a credit facility for bank guarantees totalling EUR 150,000,000. See Note 42, "Events After the Balance Sheet Date" for further information on the follow-up financing.

The credit facilty, for which the agreement was recently signed, will be opened on 31 January 2011 for the first time and will replace the master loan agreement at this time.

No other events material to the financial position or financial performance of the Demag Cranes Group occurred after the balance sheet date.