25.02.2006

Manitowoc stock splits

The Manitowoc Company, Inc has authorised a two-for-one split of the company's outstanding common stock. All holders of Manitowoc shares at the close of business on March 31, 2006, will receive one additional share of common stock for every share they own as of that date. The company anticipates that the additional shares will be distributed on April 10, 2006.

The company's common stock will begin trading at its post-split price at the beginning of trading on April 11, 2006. The two-for- one split will increase the number of Manitowoc's authorised shares of common stock from 75 million to 150 million and the number of outstanding shares of common stock from approximately 30.4 million to 60.8 million.

Terry D. Growcock, Manitowoc's chairman and chief executive officer, said: "We are pleased to take this action as a result of the company's solid operating results, recent stock price performance, and strong outlook for 2006 and beyond. The additional shares should also improve the trading volume and liquidity of our stock going forward."

Manitowoc previously split its stock, on a three-for-two basis, on March 31, 1999, June 30, 1997, and July 2, 1996.