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Announcement

Equipment Sold from 43 Sellers at IronPlanet Auction

PLEASANTON, Calif. –June 7, 2005 – IronPlanet (www.ironplanet.com), the third-largest auction company of heavy equipment in North America, sold $3.8 million of equipment and trucks in its June 2 auction.

Forty-three different sellers from across the U.S. sold equipment in this online auction. “Sellers are getting global market value without even moving their equipment,” stated Mike Rich, vice-president of sales at IronPlanet.

When a seller consigns equipment to an IronPlanet auction, the equipment remains on the seller’s lot until the buyer pays to transport it. Because IronPlanet’s auctions are exclusively online, buyers can bid from anywhere in the world, truly bringing sellers a global marketplace.

Over 6,100 registered auction attendees from across the U.S. and 15 other countries participated in the unreserved online auction. Eighty-one bidders fought over a 2003 Bobcat B200 mini backhoe loader that sold for $19,500. A 1988 Caterpillar 966E wheel loader sold from Texas to the highest bidder in Saudi Arabia for $59,000.

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.