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Announcement

Dozer Sells for $490,000 At IronPlanet Auction

PLEASANTON, Calif. – Feb. 10, 2006 – IronPlanet (www.ironplanet.com), the third-largest auction company of heavy equipment in North America, sold $4.7 million of equipment and trucks in its Feb. 9 auction.

A 2003 Caterpillar D9R located in Colorado sold to a buyer in California for $490,000. Almost 2,000 unique users hit the tractor’s online features page.

Over 7,900 registered auction attendees from across the U.S. and 19 other countries participated in the unreserved online auction. A 2004 Caterpillar 365BL sold for $210,000. Thirty-three bidders competed for a 1992 Peterbilt 379 that sold for $16,500. A 2000 Caterpillar 950G located in Florida sold to a buyer in California for $82,000.

Founded in 1999, IronPlanet has grown to be the third-largest auction company of heavy equipment. With investors such as Caterpillar, Komatsu and Volvo, IronPlanet sells a broad range of used equipment including construction, agricultural and trucks through online auctions. IronPlanet is the only auction company to provide detailed, guaranteed inspection reports for used equipment in its auctions. If you are interested in buying or selling used equipment, go to www.ironplanet.com.