Terex Announces Operating Structure and Management Changes

Terex Corporation (NYSE: TEX) announced today that,effective at the start of the first quarter of 2006, it has realignedcertain of its operations in an effort to strengthen its ability toservice customers and to recognize certain organizationalefficiencies. The Mobile Crushing and Screening Group, consisting ofPowerscreen, Terex Finlay and Terex Pegson and formerly part of theTerex Construction Segment, will now be consolidated within the TerexMaterials Processing & Mining Segment. Additionally, the Europeantelehandlers business of TerexLift, formerly part of the TerexConstruction Segment, will now become part of the Terex Aerial WorkPlatforms Segment.

"The purpose of these changes is to strengthen Terex's ability toservice our customers in these product categories, and to ultimatelyprovide a better return to our shareholders," commented Ronald M.DeFeo, Terex's Chairman and Chief Executive Officer. "The neworganizational structure not only aligns us more closely with how ourcustomers buy our equipment, but also puts manufacturing and sales foreach product group under focused leadership. Genie already manages theNorth American telehandlers product, which has done quite well undertheir oversight. As for the crushing and screening businesses, notonly will we gain consolidated exposure to all customers, but weexpect to better coordinate supply and design issues across productsthat share many of the same attributes. I am confident that the newstructure will allow us to better focus on servicing our customers andmarkets and provide products which generate greater value for ourcustomers."

As part of the reorganization, Kieran Hegarty, formerly VicePresident - Terex Construction Crushing and Screening Division, hasbeen named Vice President - Terex Materials Processing, and will headTerex's consolidated materials processing group. Mr. Hegarty willcontinue to be based in Dungannon, Northern Ireland, and will reportto Rick Nichols, President - Terex Materials Processing & Mining. Inthis leadership role, Mr. Hegarty will assume the responsibility forthe businesses of Terex Cedarapids, Terex Simplicity, Terex Jacquesand Terex Canica, along with his existing role in the leadership ofthe Terex Finlay, Terex Pegson, and Powerscreen businesses.

As for Terex Construction, following the move by Colin Robertson,formerly President - Terex Construction, to his new position ofExecutive Vice President - Operations for Terex, Fergus Baillie,President -- Terex Heavy Equipment group, has been appointed interimleader of the Terex Construction segment while a search for a fulltime replacement is conducted.

Additionally, Roger Brown, currently Vice President - NorthAmerican Sales for the Terex Aerial Work Platforms Segment, has beenassigned the additional responsibility of overseeing the StrategicAccounts Group for Terex. This group is charged with leading andmanaging activities with large international accounts, providing oneface to the customer and coordinating activities for sales,production, aftermarket support and billing. Mr. Brown will continueto have reporting responsibility for North American sales of both theGenie and the Terex Construction product lines, although day-to-dayresponsibilities will be managed by a team under his direction.

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.