News Release

October 5, 2005

New CraneCREDIT Website Goes Live

The site offers one-stop-shop for customers looking to easily finance Manitowoc Crane Group products.

Manitowoc Crane Group has launched a new website for its popular CraneCREDIT financial services products. The new site is now available for customers in the US, while plans for Asia/Pacific and EMEA regional sites are under development. The site offers one-stop-shop for customers looking to easily finance Manitowoc Crane Group products.

The site can be found at www.cranecredit.com and has been designed to make applying for finance as easy as possible. A breakdown of all of the different types of finance offered by CraneCREDIT is listed on the website, making it the perfect starting point for anyone looking to finance lifting equipment. A list of equipment offered by Manitowoc Crane Group is provided, as is an overview outlining the differences between leasing and buying.

There is also a link to a Sales Map, featuring all regional CraneCREDIT representatives in the US, complete with full contact details. Most importantly there is an easy-to-use downloadable application form. Credit requests can be made by downloading, printing, and completing an application form, before sending it by fax to CraneCREDIT.

CraneCREDIT will finance any new or used Manitowoc, Grove, Potain, or National product, and buyers can secure approval very quickly. For purchases under $250,000 once a credit check is completed, approval can take a matter of minutes. Approval turnaround can be longer for larger or multiple purchases, but customers are kept up-to-date every step of the way.

For those uncertain which CraneCREDIT finance program is the most suitable, the ‘Free Quote’ option is useful. Customers simply complete contact detail boxes, submit their information, and a CraneCREDIT representative will make contact to outline available options.

There is also a utility in the “@Once Finance” heading, which allows Manitowoc Crane Group dealers to monitor customer credit applications, ensuring they are up to date with all developments.

On the site’s Home page, users will find links to all the latest CraneCREDIT news, as well as Manitowoc Crane Group news, background on the Manitowoc Crane Group, and links to the company store. There are also links to other Manitowoc Crane Group websites: Manitowoc, Grove, Potain, National, and Crane CARE.

Jay Buechler, Customer Finance Manager-North America for CraneCREDIT, is confident the new Website will prove popular in the US and beyond. “We are making the purchase process easier for customers. There is a wealth of research information available on the site. The ease of access and free quotation facility are designed to provide end users with everything they need. Our market knowledge means customers can get cranes up and running sooner, thereby maximizing profitability.”

About the Manitowoc Company
The Manitowoc Company, Inc. is one of the world’s largest providers of lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks. As a leading manufacturer of ice-cube machines, ice/beverage dispensers, and commercial refrigeration equipment, the company offers the broadest line of cold-focused foodservice equipment in the industry. In addition, the company is a leading provider of shipbuilding, ship repair, and conversion services for government, military, and commercial customers throughout the U.S. maritime industry.

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For More Information Contact:

Tom Cioni
Manitowoc Crane Group
+1 (920) 683 6510
tcioni@manitowoccranes.com
Steve Brown
SE10 Creative
+1 414 221 9407
brown@se10.com

About The Manitowoc Company
The Manitowoc Company, Inc. is one of the world's largest providers of lifting equipment for the global construction industry, including lattice-boom cranes,tower cranes, mobile telescopic cranes, and boom trucks. As a leading manufacturer of ice-cube machines, ice/beverage dispensers, and commercial refrigeration equipment, the company offers the broadest line of cold-focused equipment for the foodservice industry. In addition, the company is a leading provider of shipbuilding, ship repair, and conversion services for government, military, and commercial customers throughout the U.S. maritime industry.

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For More Information Contact:

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