Terex Names Hyeryun Lee Park as President, Terex Asia

"Hyeryun has consulted with Terex over several years and isuniquely qualified to help us grow our business in Asia," said Mr.DeFeo. "Asian GDP is forecast to grow faster than the rest of theworld for the foreseeable future, so Terex's long-term growth will beenhanced by greater exposure to Asian markets. The development of ourAsian business is one of the top areas for value creation in ourorganization, and when accomplished in conjunction with our on-goinginitiatives in global supply chain management, marketing, customersupport, and human resources, will firmly establish Terex as a globalindustry leader."

"China in particular will be an area of focus," added Mr. DeFeo."We have seen our business grow substantially in this market, and havejust opened a new office in Beijing that will focus on our operationsoverall in Asia."

Prior to joining Terex, Ms. Lee Park was most recently Presidentand Owner of Midas Alliance Group, a consulting company withapproximately 60 consultants with offices in Chicago, Seoul, andWashington, D.C. Midas Alliance primarily advised western companies onAsian business development. Prior to that, she was Publisher ofConstruction Equipment and Construction Equipment Latin America forCahners Publishing. Ms. Lee Park began her career with SamsungConstruction Equipment America, and was responsible for overseeingSamsung's entry into the U.S. market. Ms. Lee Park is a graduate ofNorthwestern University, a native of Seoul, Korea and a U.S. citizen.

Safe Harbor Statement

This press release contains forward-looking information based onTerex's current expectations. Because forward-looking statementsinvolve risks and uncertainties, actual results could differmaterially. Such risks and uncertainties, many of which are beyondTerex's control, include among others: Terex's business is highlycyclical and weak general economic conditions may affect the sales ofits products and its financial results; the sensitivity ofconstruction, infrastructure and mining activity and products producedfor the military to interest rates and government spending; theability to successfully integrate acquired businesses; the retentionof key management personnel; Terex's businesses are very competitiveand may be affected by pricing, product initiatives and other actionstaken by competitors; the effects of changes in laws and regulations;Terex's business is international in nature and is subject to changesin exchange rates between currencies, as well as internationalpolitics; Terex's continued access to capital and ability to obtainparts and components from suppliers on a timely basis at competitiveprices; the financial condition of suppliers and customers, and theircontinued access to capital; Terex's ability to timely manufacture anddeliver products to customers; Terex's significant amount of debt andits need to comply with restrictive covenants contained in Terex'sdebt agreements; Terex's ability to file its periodic reports with theSEC on a timely basis; the previously announced SEC investigation ofTerex; Terex's ability to maintain adequate disclosure controls andprocedures and adequate internal controls over financial reporting;compliance with applicable environmental laws and regulations; andother factors, risks, uncertainties more specifically set forth inTerex's public filings with the SEC. Actual events or the actualfuture results of Terex may differ materially from any forward lookingstatement due to those and other risks, uncertainties and significantfactors. The forward-looking statements speak only as of the date ofthis release. Terex expressly disclaims any obligation or undertakingto release publicly any updates or revisions to any forward-lookingstatement included in this release to reflect any changes in Terex'sexpectations with regard thereto or any changes in events, conditions,or circumstances on which any such statement is based.

Terex Corporation is a diversified global manufacturer with 2004net sales of approximately $5 billion. Terex operates in five businesssegments: Terex Construction, Terex Cranes, Terex Aerial WorkPlatforms, Terex Materials Processing & Mining, and TerexRoadbuilding, Utility Products and Other. Terex manufactures a broadrange of equipment for use in various industries, including theconstruction, infrastructure, quarrying, recycling, surface mining,shipping, transportation, refining, utility and maintenanceindustries. Terex offers a complete line of financial products andservices to assist in the acquisition of Terex equipment through TerexFinancial Services. More information on Terex can be found atwww.terex.com.
Terex Corporation
500 Post Road East, Suite 320, Westport, Connecticut 06880
Telephone: (203) 222-7170, Fax: (203) 222-7976, www.terex.com