The guiding principle of our communications with the capital market is to provide timely and reliable information about the Company’s targets and results, both at reporting dates and as and when appropriate. As well as communicating intensively with institutional investors who have already invested in our shares, the Company routinely seeks to initiate dialogue with potential investors. It thus ensures a good level of information and high degree of interest in Demag Cranes AG among capital market participants.

This is also reflected in the frequency with which the Company continues to hold roadshows and attend conferences. Once again, the Management Board and the Investor Relations team sought to interact directly with analysts and fund managers through a range of activities in major financial centres, for example presenting Demag Cranes AG at capital market conferences in New York, San Francisco, Frankfurt and Munich. Several visits were made to investors in Germany, the UK and the USA, while other roadshows took the Company to Switzerland, the Benelux countries, Canada, France, Italy, Scandinavia and Austria.

Intensive use continued to be made of our regular, web-based teleconferences, with up to 120 people registering to take part directly. Many private investors also take the opportunity to follow the teleconferences live on our website.

On the whole, Demag Cranes AG’s investor relations activities receive positive feedback from capital market participants. It has established itself as an open company that is always willing to engage in dialogue. Demag Cranes AG earned special recognition for its investor relations activities from Institutional Investor, the international finance magazine. In a survey of some 1,100 financial analysts and nearly 650 investors, CFO Rainer Beaujean was voted third among Europe’s top CFOs in the General and Mechanical Engineering category. This award also serves as an incentive to resolutely continue our active and transparent investor relations work.

In financial year 2009/2010, there were around 20 analysts watching Demag Cranes AG on a regular basis. Following the process of consolidation in research in the course of the financial crisis, BHF Bank, Australia’s Macquarie Bank and Nord LB have now started coverage. On the whole, the progress and successful completion of the restructuring programme were viewed in as positive a light as the recovery in the business and the capital markets and the reliable financial communications. In September 2010, Goldman Sachs resumed coverage and raised its price target to EUR 39.70.

An overview of the current analyst opinions is available on our Investor Relations website at www.demagcranes-ag.de/analystrecommendations.