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Announcement

International Buyer Wins Loader at IronPlanet Auction

PLEASANTON, Calif. – August 31, 2005 – IronPlanet (www.ironplanet.com), the third-largest auction company of heavy equipment in North America, sold $4.2 million of equipment and trucks in its Aug. 25 auction.

A 1987 Caterpillar 966D wheel loader located in Alabama sold to a buyer in Belgium for $54,000. The buyer competed against 15 other bidders from seven U.S. states and three countries, including Egypt, Mexico and Saudi Arabia.

“Online auctions extend local supply to international demands,” said Mike Rich, vice-president of sales at IronPlanet.

The auction drew over 6,900 registered auction attendees from across the U.S. and 20 other countries. Twenty-two bidders tried to win a 2000 Bobcat B250 backhoe loader that sold for $21,500. A 1998 Caterpillar D400E articulated dump truck sold for the highest bid of $127,000.

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.