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RAMIRENT COMPLETES THE DIVESTMENT OF HUNGARIAN OPERATIONS

The divestment of Ramirent’s Hungarian operations, announced on 8 August 2013, has now been closed. Ramirent sold its operations in Hungary to the Danube SCA Sicar, a private equity fund.

The transaction includes entire Hungarian operation with forecasted Net sales for 2013 of EUR 7 million. As stated in the previous announcement, the transaction will result in a non-recurring cost due to foreign exchange translation differences of approximately EUR 2 million, which will be recognised in other operating expenses in the third quarter 2013.

The divestment strengthens Ramirent’s strategic focus on company’s core markets in the Baltic Sea region.

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