Interim report 1 January – 30 June, 2007 Kari Kallio President and CEO

15/8/2007Interim report 1-6/20072 Contents  Ramirent in brief  Financial statements January-June 2007  Market and outlook 2007  Appendices: –Income statement & Balance sheet –Historical financial data –Ten largest shareholders –Share price development

15/8/2007Interim report 1-6/20073 Ramirent Group in brief  The leading company in Nordics, and Central and Eastern Europe in machinery and equipment rentals for construction and industry  A full range of equipment, from small tools to massive tower cranes  Operating in twelve countries through 296 local outlets with 3,261 employees  EUR 498 million in net sales (2006)  Machinery and equipment rental business since 1955  Listed on OMX Nordic Exchange Helsinki since 1998

15/8/2007Interim report 1-6/20074 Ramirent is a general rental company Formworks ModulesScaffolding Cranes Lifts and hoists Power & heating Heavy equipment Light equipmentOther

15/8/2007Interim report 1-6/20075 Access to reliable equipment where and when needed SuppliersCustomers Construction companies Industry Infrastructure Public Households One stop -shop The outlet network

15/8/2007Interim report 1-6/20076  Growing construction markets –Especially in Central and Eastern Europe  Increased penetration  Increased usage of equipment  Consolidation of the rental industry –Fragmented industry today –Consolidation is on-going in Western and Northern Europe  European rental market is estimated to EUR 22 bn Key drivers in machinery rental business

15/8/2007Interim report 1-6/20077 Customer benefits Source: European Rental Association June 2007

15/8/2007Interim report 1-6/20078 Ramirent operates in 12 countries Segments Sales R12 (MEUR) Number of employees Number of outlets Market position Finland Sweden Norway Denmark Europe1211, Group5673, Ramirent markets Ramirent Europe consists of: Russia, Estonia, Latvia, Lithuania, Poland, Hungary, Ukraine, and Czech Republic

15/8/2007Interim report 1-6/20079 Ramirent Group’s operating structure RAMIRENT - GROUP´S OPERATING STRUCTURE RENTAL OUTLET NETWORK Finland Sweden Norway Denmark Europe Local Russia equipment Estonia Pan - european fleet Latvia Lithuania Fleet management Poland Ukraine Procurement Hungary Czech Finance Republic

15/8/2007Interim report 1-6/ European competition 2004/05, 2005/06 and 2006/06 sales of rental operations, MEUR Source: IRN, June 2005, June 2006 and June 2007 Market leader in the Nordic countries and in Eastern and Central Europe:

15/8/2007Interim report 1-6/ Rank 8 worldwide Worldwide competition 2006/2007 & 2005/2006 sales of rental operations, MEUR Source: IRN, June 2007

15/8/2007Interim report 1-6/ Ramirent is targeting on profitable growth Start of growth strategy Acquisition of Bautas & Stavdal Acquisition of Altima & Treffco Acquisitions in Poland & Hungary Entering Czech Republic, acquisitions in Sweden and Finland (MEUR)

15/8/2007Interim report 1-6/ Financial targets  Ramirent is targeting on profitable growth and a strong financial position  The financial targets are as follows: –Earnings per share growth of at least 15% per annum –Return on invested capital annually of at least 18% –Dividend payout ratio of at least 40% of the annual net profit

15/8/2007Interim report 1-6/ Interim report 1-6/2007 – highlights  Strong growth continued –Net sales +30.1% (221.8) m€.  Profitability improved –Operating profit (EBIT) +63.6% 62.9 (38.5) m€ excluding property gains –EBIT-margin improved to 21.8% (17.3%)  Finnish properties sold with gain of 2.4m€  EPS increased by 40% to EUR 0.42 (0.30)  Strong investments before peak season continued –Capital expenditure was (93.3) m€ –Net debt increased temporarily to (190.0) m€ and gearing to 99.4% (88.5%).  ROI was 28.4% (22.3%).

15/8/2007Interim report 1-6/ Key figures 1) The figures are calculated on a rolling twelve month basis 1-6/ /2006Change 1-12/2006 Net Sales %497.9 EBIT %110.3 EBIT-% 22.7%19.8% 22.2% Return on invested capital (ROI),% 1) 28.4%22.3% 28.1% Return on equity (ROE)% 1) 37.7%29.6% 34.3% Net debt, (EUR million) %186.3 Gearing, % 99.4%88.5% 70.3% Equity ratio, % 39.3%41.0% 45.4% Personnel, average 3,2612,723 2,846 Personnel, end of period 3,4842,829 3,016 Gross investments in non-current assets (EUR million) Gross investments, % of net sales 51.0%42.1% 35.4% Earnings per share (EPS), diluted, EUR %0.73

15/8/2007Interim report 1-6/ Group Net sales development (MEUR), quarterlyEBIT development (% of sales), quarterly 1)Excluding non-recurring profit amounting to 5.4 MEUR realized in Q from divestment of properties in Sweden 2)Excluding non-recurring profit amounting to 2.4 MEUR realized in Q from divestment of properties in Finland MEUR4-6/074-6/06Change1-6/071-6/06Change Net sales % % EBIT % % EBIT-margin22.3%19.8%21.8%17.3% (1(2

15/8/2007Interim report 1-6/ Finland  Acquisitions from 2006 together with high utilization boosted the growth during 1-6/2007  The Finnish construction market still strong  The penetration is increasing  Improved market position Net sales development (MEUR), quarterly EBIT development (% of sales), quarterly MEUR4-6/074-6/06Change1-6/071-6/06Change Net sales % % EBIT % % EBIT-margin23.9%22.8%23.9%20.0% EBIT development (% of sales), quarterly 1)Excluding non-recurring profit amounting to 2.4 MEUR realized in Q from divestment of properties in Finland (1

15/8/2007Interim report 1-6/ Sweden Net sales development (MEUR), quarterly 1) Excluding non-recurring profit amounting to 5.4 MEUR realized in Q from divestment of properties MEUR4-6/074-6/06Change1-6/071-6/06Change Net sales % % EBIT 1) % % EBIT-margin20.7%14.4%20.7%13.4% EBIT development (% of sales), quarterly  Strong construction market in Sweden, specially in residential housing  Increased market share in lifts after focused investments  Improved efficiency

15/8/2007Interim report 1-6/ Norway Net sales development (MEUR), quarterly EBIT development (% of sales), quarterly MEUR4-6/074-6/06Change1-6/071-6/06Change Net sales % % EBIT % % EBIT-margin24.9%25.0%23.6%21.9% EBIT development (% of sales), quarterly  Strong market continues; lack of labour and materials limits the growth  High utilization of capacity  More aggressive competition on pricing  Highest salary rise in Nordic countries (+5-6%)

15/8/2007Interim report 1-6/ Denmark Net sales development (MEUR), quarterly EBIT development (% of sales), quarterly MEUR4-6/074-6/06Change1-6/071-6/06Change Net sales % % EBIT % % EBIT-margin17.8%11.4%14.2%9.3% EBIT development (% of sales), quarterly  Construction market slightly fading, specially residential housing but rental market still growing  Improved productivity and market position  Re-renting still on a high level, but decreasing after increased investments in own capacity

15/8/2007Interim report 1-6/ Ramirent Europe Net sales development (MEUR), quarterly EBIT development (% of sales), quarterly MEUR4-6/074-6/06Change1-6/071-6/06Change Net sales % % EBIT % % EBIT-margin25.6%22.7%25.6%19.3% EBIT development (% of sales), quarterly  Strong construction market growth in all Ramirent Europe countries  In Hungary the construction market is fading due to excessive budged deficit  High demand and utilization of equipment  Heavy investments in new capacity

15/8/2007Interim report 1-6/ Ramirent markets Source: Euroconstruct June Finland Sweden Norway Denmark Poland Hungary Czech Republic Estonia Latvia Lithuania Ukraine Russia 1710

15/8/2007Interim report 1-6/ Source: Euroconstruct, June 2007 Construction output in Baltic Sea Area, Eastern Europe and Russia

15/8/2007Interim report 1-6/ Market development in Ramirent countries Source: Euroconstruct June 2006 and *National construction association Construction volumes 2006 (MEUR)2007F2008F2009F Finland24,110*3.5%*3,0%-0.5% Sweden23,061*7.0%*3.0%2.2% Norway28,6605.9%-0.1%0.4% Denmark26,548*0.5%*-0.7%2.3% Europe89,680 Poland27, %11.4%14.0% Hungary10,8242.0%3.0%5.0% Estonia2, %10.0%7.0% Latvia2, %12.0%8.0% Lithuania2, %6.0%5.0% Ukraine8,0007.0%5.0% Moscow + St. Petersburg19,000 (Russia)65,0008.0%7.0% Czech Republic17,4616.1%5.8%6.2%

15/8/2007Interim report 1-6/ Machinery sold directly to rental companies as percentage of total machinery sales (Source: International Rental News/Kaplan) Penetration of machinery rental services in Europe

15/8/2007Interim report 1-6/ Outlook 2007  The good market conditions expected to continue 2007 –Nordic countries: Ramirent estimates total construction market will grow at the rate of 3-4% The backlog of the largest Nordic construction companies has grown The scarce supply of labour and building material may limit the growth. –Central and Eastern European markets Ramirent estimates a further solid growth.  Rental penetration rate is expected to further rise –Ramirent estimates that the machinery rental markets will grow faster than the construction markets in  Ramirent is well positioned –Heavy investments in new capacity –Ramirent will also continue to search for bolt-on acquisitions –Ramirent expects to clearly exceed its financial targets.

Ramirent Oyj P.O.BOX 116 Äyritie 12 A FI Vantaa Further information: Kari Kallio, CEO tel: Heli Iisakka, CFO tel:

15/8/2007Interim report 1-6/ Income statement Includes non-recurring profit amounting to 5.4 MEUR realized in Q from divestment of properties in Sweden and also non-recurring profit amounting to 2.4 MEUR realized in Q from divestment of properties in Finland

15/8/2007Interim report 1-6/ Balance sheet, Assets

15/8/2007Interim report 1-6/ Balance sheet, Equity and liabilities

15/8/2007Interim report 1-6/ Condensed cash flow statement

15/8/2007Interim report 1-6/ Net debt and gearing MEUR

15/8/2007Interim report 1-6/ Equity and equity ratio MEUR

15/8/2007Interim report 1-6/ Ten largest shareholders on 30 June, 2007

15/8/2007Interim report 1-6/ Latest stock price