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Announcement

Buyer in Saudi Arabia Wins Two Compactors in IronPlanet Auction

PLEASANTON, Calif. – July 26, 2005 – IronPlanet (www.ironplanet.com), the third-largest auction company of heavy equipment in North America, sold $3.6 million of equipment and trucks in its July 14 auction.

Two compactors located in North Carolina sold to a buyer in Saudi Arabia. With the highest bids at $12,500 and $1,900, the buyer won a 1994 Ingersoll-Rand DD90 and a 1996 Leeboy 300, respectively.

The auction drew over 7,000 registered auction attendees from across the U.S. and nine other countries. Thirty-two bidders vied for a 1986 Case 1845C skid-steer loader that sold for $5,000. A 2000 Caterpillar D8R track dozer sold for the highest bid of $207,000.

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.