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Announcement

IronPlanet Completes $5 Million Online Auction

PLEASANTON, Calif. – Sept. 22, 2006 – IronPlanet (www.ironplanet.com), the third-largest heavy equipment auction company in North America, sold $5 million of equipment and trucks during its Sept. 21 auction.

More than 6,000 auction attendees from across the U.S. and 18 other countries registered to bid on over 300 truck and construction equipment items at the online auction. A Caterpillar D9 track dozer located in Utah sold to the highest bidder in New Zealand for $120,000. Twenty-three bidders competed for a 2004 Caterpillar 287B multi-terrain loader that sold to the highest bidder for $34,000. A buyer in Maine bid $92,000 to win a 2001 Volvo L220E wheel loader in Oklahoma.

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.