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NOTIFICATION PURSUANT TO CHAPTER 2, SECTION 9 OF THE SECURITIES MARKETS ACT

Cramo Plc    Company announcement 5 May 2008, at 8.30 am Finnish time (GMT+2)   

NOTIFICATION PURSUANT TO CHAPTER 2, SECTION 9 OF THE SECURITIES MARKETS ACT     

Cramo Plc has received the following notification pursuant to Chapter 2, section
9 of the Securities Markets Act from Morgan Stanley, according to which the     
holding of shares by Morgan Stanley in Cramo Plc have crossed below the 5%      
threshold by means of buys of shares on the stock exchange.                     

1. Name of the target company: Cramo Plc                                        

2. Date of change in the holdings: 29 April 2008                                

3. Exact proportion of voting rights and share capital of the company: 1,194,006
shares and 3.89 percent of the shares and voting rights in total.               

On 29 April 2008 the exact proportion of voting rights and share capital in     
Cramo Plc, by type of shares:                                                   

--------------------------------------------------------------------------------
| Shareholder                     |      Number |   Proportion |    Proportion |
|                                 |          of |     of share |     of voting |
|                                 |      shares |    capital % |      rights % |
--------------------------------------------------------------------------------
| Morgan Stanley & Co             |     153,087 |         0.49 |          0.49 |
| International plc               |             |              |               |
--------------------------------------------------------------------------------
| Morgan Stanley & Co.            |   1,040,919 |         3.39 |          3.39 |
| Incorporated                    |             |              |               |
--------------------------------------------------------------------------------
| TOTAL                           |   1,194,006 |         3.89 |          3.89 |
--------------------------------------------------------------------------------

4. Shareholder's complete name: Morgan Stanley & Co International plc and Morgan
Stanley & Co. Incorporated.                                                     

CRAMO PLC                                                                       

Vesa Koivula                                                                    
President and CEO                                                               

Further information                                                             
Vesa Koivula, President and CEO, tel. +358 40 510 5710                          

Distribution                                                                    
OMX Nordic Exchange Helsinki                                                    
Major media                                                                     
www.cramo.com                                                                   

Cramo is a rental services company specialising in equipment rental and         
rental-related services, as well as rental and sale of modular space. As one of 
the industry's leading service providers in the Nordic countries and Central and
Eastern Europe, Cramo operates in eleven countries with 268 depots. With a group
staff of 2,270, Cramo's consolidated sales for 2007 totalled EUR 496 million and
its shares are listed on the OMX Nordic Exchange, Helsinki. For further         
information, see www.cramo.com.