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Announcement

Mexican Buyer Wins Equipment Worth Over $119,000 at IronPlanet Auction

PLEASANTON, Calif. – September 27, 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 Sept. 22 auction.

A buyer in Mexico bought four backhoes worth over $119,000 including two 1999 Case 580L loaders in Indiana, a 2000 Caterpillar 416C and a 2003 Caterpillar 420D both located in California.

Over 7,500 registered bidders attended the auction. The auction drew attendees from across the U.S. and 21 other countries. Thirty-nine bidders vied for a 1997 Bobcat 751 skid-steer loader that sold for $10,000. A 1990 Caterpillar 623E motor scraper sold for the highest bid of $154,000. A buyer in Columbia won a 1984 Caterpillar 140G motor grader in Missouri for $41,000.

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.