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Announcement

Colombian Buyer Wins Equipment Worth Over $122,000 at IronPlanet Auction

PLEASANTON, Calif. – Feb. 24, 2006 – IronPlanet (www.ironplanet.com), the third-largest auction company of heavy equipment in North America, sold $4 million of equipment and trucks in its Feb. 23 auction.

A buyer located in Colombia won five pieces worth over $122,000 including a 2002 Caterpillar 416D located in Missouri and a 1999 Caterpillar 426C located in Montana.

Over 8,000 registered auction attendees from across the U.S. and 12 other countries participated in the unreserved online auction. A 2000 Caterpillar D8R sold for $220,000. Twenty-six bidders competed for a 2004 Caterpillar 303CR that sold for $26,500. Six Genie scissor lifts in California sold to a buyer in Hawaii.

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.