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Announcement

Paver sells for $200,000 at IronPlanet Auction

PLEASANTON, Calif. –June 21, 2005 – IronPlanet (www.ironplanet.com), the third-largest auction company of heavy equipment in North America, sold $3.5 million of equipment and trucks in its June 16 auction. A 2004 Caterpillar AP-1050B paver sold for $200,000.

“The steel track paver is just one example of another great sale,” stated Bob Alleger, IronPlanet’s CEO. “Our buyers love the details of our inspection reports and the convenience of online auctions.”

At IronPlanet, buyers can search for equipment, view detailed inspection reports and bid online from any computer. Because IronPlanet’s auctions are exclusively online, buyers can bid from anywhere in the world, truly bringing sellers a global marketplace.

Over 6,200 registered auction attendees from across the U.S. and 11 other countries participated in the unreserved online auction. Forty-two bidders vied for a 2003 Caterpillar 246 skid-steer loader that sold for $23,500. A 1986 Caterpillar D9L sold from Georgia to the highest bidder in Texas for $89,000.

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.