04.08.2005

Terex 2004 results due next week

Ron Defeo of Terex said this week that the results of the company's accounting review should be finalised next week. Allowing the full year 2004 numbers ot be formalised by August 15th.

The full statement is as follows:

Financial Restatement Update

As previously announced, Terex has not yet finalised its third quarter 2004, full year 2004 and first and second quarter 2005 results pending completion of its detailed internal accounting review, the restatement of Terex's financial statements for the years ended December 31, 2000, 2001, 2002 and 2003, and the completion of its audited financial statements for 2004. Terex continues to work diligently to complete its restatement, audit and assessment of internal control over financial reporting. Terex believes that it is nearing completion of this process, and currently anticipates filing all appropriate documents, including applicable financial statements, with the SEC in the near future. While no assurance can be made, it is management's current expectation that the financial statements for the year ended December 31, 2004 and prior periods will be filed on or before August 15, 2005.