RAMIRENT PLC         STOCK EXCHANGE RELEASE   11.5.2007           





RAMIRENT GROUP'S INTERIM REPORT JANUARY - MARCH, 2007                           



PROFITABLE GROWTH CONTINUED IN Q1 2007                                          



- Net sales increased by 30.0% compared to the first quarter of 2006 and        

totalled EUR 136.6 (105.1) million.                                             

- Operating profit before depreciation (EBITDA), excluding non-recurring gain   

from divestment of Swedish properties in 2006, grew by 58.8% to EUR 46.5 (29.3) 

million; including the Swedish properties by 34.1% (EUR 34.7 million).          

- Operating profit (EBIT), excluding non-recurring gain from divestment of      

Swedish properties in 2006, increased by 88.8% to EUR 29.0 (15.4) million;      

including the Swedish properties 2006 by 39.7% (EUR 20.8 million). EBIT-margin  

improved to 21.2% (14.7% excluding gain from properties).                       

- Profit before taxes (EBT) grew by 39.8% to EUR 27.1 (19.4) million.           

- Earnings per share (diluted) increased by 25.4% to EUR 0.74 (0.59).           

- Net debt amounted to EUR 208.0 (157.6) million, whilst gearing was 73.1%      

(73.8%).                                                                        

- Return on invested capital (ROI) was 28.5% (21.4%).                           





COMMENTS BY CEO KARI KALLIO                                                     



“The sales growth during the first quarter has been exceptionally strong due to 

favourable weather conditions. Also, the level of construction activities in the

Nordics remains high, whilst the boom in Central and Eastern European markets   

continues.”                                                                     



“High capacity utilization and control of fixed costs improved profitability in 

all segments.”                                                                  



“Ramirent continues its heavy investments in capacity in 2007 to meet expected  

high customer demand. The Group will also seek bolt-on acquisitions and further 

improve internal efficiency to support profitable growth. Ramirent expects to   

clearly exceed its financial targets.”                                          



KEY FIGURES                                                                     



--------------------------------------------------------------------------------

| (EUR million)                   |     1-3/2007 |     1-3/2006 |    1-12/2006 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Net sales                       |        136.6 |        105.1 |        497.9 |

--------------------------------------------------------------------------------

| Operating profit before         |         46.5 |         34.7 |        171.6 |

| depreciation (EBITDA)           |              |              |              |

--------------------------------------------------------------------------------

| Operating profit (EBIT)         |         29.0 |         20.8 |        110.3 |

--------------------------------------------------------------------------------

| % of net sales                  |        21.2% |        19.8% |        22.2% |

--------------------------------------------------------------------------------

| Profit before taxes (EBT)       |         27.1 |         19.4 |        102.9 |

--------------------------------------------------------------------------------

| Net profit for the period       |         20.1 |         15.8 |         79.2 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Earnings per share (EPS),       |         0.74 |         0.59 |         2.93 |

| (diluted), EUR                  |              |              |              |

--------------------------------------------------------------------------------

| Earnings per share (EPS),       |         0.74 |         0.59 |         2.95 |

| (non-diluted), EUR              |              |              |              |

--------------------------------------------------------------------------------

| Equity per share (diluted), EUR |        10.50 |         7.88 |         9.74 |

--------------------------------------------------------------------------------

| Equity per share (non-diluted), |        10.51 |         7.95 |         9.80 |

| EUR                             |              |              |              |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Return on invested capital      |        28.5% |        21.4% |        28.1% |

| (ROI), % 1)                     |              |              |              |

--------------------------------------------------------------------------------

| Net debt                        |        208.0 |        157.6 |        186.3 |

--------------------------------------------------------------------------------

| Gearing, %                      |        73.1% |        73.8% |        70.3% |

--------------------------------------------------------------------------------

| Equity ratio, %                 |        44.1% |        44.5% |        45.4% |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Personnel, average              |        3,141 |        2,686 |        2,846 |

--------------------------------------------------------------------------------

| Personnel at end of period      |        3,244 |        2,694 |        3,016 |

--------------------------------------------------------------------------------





1) The figures are calculated on a rolling twelve month basis.                  



OPERATING ENVIRONMENT                                                           



Ramirent is a company focused on construction machinery and equipment rentals,  

operating in the Nordic, Central and Eastern European markets. The Group is     

headquartered in Vantaa and has 293 (272) permanent outlets in twelve countries.



The level of construction activities in the Nordics remained high during the    

review period. In the Central and Eastern European countries (Russia, the Baltic

States, Poland, Hungary, Ukraine, and the Czech Republic), the construction     

market continued to be strong.                                                  



GROUP NET SALES AND PROFIT                                                      



The first quarter is normally a quieter period for Ramirent Group's business,   

due to the seasonality in construction business. Good market conditions and     

favourable weather conditions in all Ramirent's segments and last year's heavy  

investments in new capacity increased net sales by 30.0%. The growth was        

strongest in Ramirent Europe (+73.3%) and Finland (+30.9%) where the increase in

net sales was partly attributable to the year 2006 acquisitions. High capacity  

utilization and strict control of fixed costs improved profitability in all     

segments. The operating profit (EBIT) improved by 88.8% to EUR 29.0 (15.4)      

million in the first quarter adjusted for the non-recurring gain from           

divestments of Swedish properties in 2006. The improvement in profitability was 

strongest in Finland, Sweden and Ramirent Europe. In Finland, the operating     

margin (EBIT-%) was 23.6% (16.8%), in Sweden 20.7% (12.5%) and in Ramirent      

Europe 25.7% (14.8%).                                                           



The Group's net sales for the review period increased by 30.0% to EUR 136.6     

(105.1) million, of which Finland accounted for EUR 27.1 (20.7) million, Sweden 

for EUR 35.8 (29.9) million, Norway for EUR 34.8 (29.2) million, Denmark for EUR

12.5 (10.2) million, and Ramirent Europe for EUR 26.8 (15.5) million. The growth

was mostly organic.                                                             



The Group's operating profit (EBIT) for the review period was EUR 29.0 (20.8)   

million, of which Finland accounted for EUR 6.4 (3.5) million, Sweden for EUR   

7.4 (9.3, including a non-recurring gain of EUR 5.4 million from divestment of  

properties in 2006) million, Norway for EUR 7.8 (5.5) million, Denmark for EUR  

1.3 (0.7) million, and Ramirent Europe for EUR 6.9 (2.3) million. The Group's   

operating margin improved to 21.2% (14.7%).                                     



The Group's profit before taxes for the review period was EUR 27.1 (19.4)       

million. The net profit for the review period was EUR 20.1 (15.8) million. The  

increase in profits compared to the previous year was mainly due to the growth  

in net sales, high capacity utilization and good control of fixed costs. 2006   

profit includes the profit from the divestment of properties in Sweden,         

amounting to EUR 5.4 million. The return on invested capital is 28.5% (21.4%)   

and the return on equity was 33.5% (25.8%).                                     



CAPITAL EXPENDITURE AND DEPRECIATION                                            



Group companies' gross capital expenditure on non-current assets totalled EUR   

74.0 (41.4) million, of which EUR 72.8 (40.7) million was attributable to       

investments in machinery and equipment. The significant increase in capital     

expenditures reflects the Group's goal to expand the rental fleet capacity to   

meet customer demands and to develop the product range and outlet network to    

serve customers better.                                                         



The total depreciation of non-current assets during the review period amounted  

to EUR 17.4 (13.9) million, of which EUR 16.4 (13.3) million consisted of       

depreciation of machinery and equipment. Other decreases of tangible non-current

assets were EUR 3.7 (12.9) million, of which EUR 2.5 (1.4) million were         

attributable to machinery and equipment.                                        



Goodwill totalled EUR 76.7 (73.1) million at the end of the review period.      



FINANCIAL POSITION AND BALANCE SHEET                                            



The Group's first-quarter cash flow from operating activities was positive,     

amounting to EUR 47.1 (28.6) million. Cash flow from investing activities       

amounted to EUR -68.4 (-21.7) million due to increased capital expenditure. Cash

flow from financing activities totalled EUR 21.9 (-6.9) million. At the end of  

the review period, liquid assets stood at EUR 1.7 (1.3) million, resulting in a 

net change in cash of EUR 0.6 (0.0) million compared to the year-end.           



Ramirent's interest-bearing liabilities increased by EUR 22.4 million from      

year-end 2006 and totalled EUR 209.7 (158.8) million. Net debt amounted to EUR  

208.0 (157.6) million at the end of the review period. Gearing amounted to 73.1%

(73.8%).                                                                        



Ramirent Plc decided to set up a Domestic Commercial Paper Program of EUR 100   

million. The arranger of the program and one of the dealers is Danske Bank A/S, 

Helsinki Branch; other dealers are Nordea Bank Finland Plc and Sampo Bank Plc.  

Ramirent Plc uses the commercial paper program to cover its seasonal funding    

needs within a year and as an additional flexible and cost-efficient source for 

short-term funding.                                                             



The nominal value of the interest rate swaps at the end of the review period was

EUR 94.0 (65.1) million.                                                        



Total assets amounted to EUR 644.8 (479.8) million and the Group's equity ratio 

was 44.1% (44.5%).                                                              



BUSINESS SEGMENTS                                                               



During the review period, Ramirent Group's business operations developed        

strongly in all business segments compared to the corresponding period of the   

previous year. In particular, the operations in Finland, Sweden and Ramirent    

Europe developed well during the period.                                        



From January 2007 the segments have been charged a management fee consisting of 

certain group administration costs. The comparative figures for 2006 have been  

adjusted accordingly.                                                           



Finland                                                                         



The Board of Directors of Ramirent Plc decided to transfer Ramirent's rental    

business in Finland, and the shares of its operating Finnish subsidiaries, to   

Ramirent Plc's fully owned subsidiary Ramirent Finland Oy on 1 January 2007. By 

this business transfer Ramirent aims to streamline and clarify the corporate    

structure. Ramirent Plc remains the parent Company of the Ramirent Group and    

takes care of the Group's centralised functions.                                



In Finland, business operations were very active compared to the corresponding  

period of the previous year. Net sales increased by 30.9% and totalled EUR 27.1 

(20.7) million. The acquisitions in late 2006 increased the sales by 7%. The    

good weather conditions kept the Finnish construction market at a high level.   

Compared to the corresponding period of the previous year, the profit of the    

Finnish operations improved primarily as a result of increased net sales and    

high capacity utilization. The operating profit (EBIT) was EUR 6.4 (3.5) million

and the operating profit margin (EBIT-%) was 23.6% (16.8%).                     



Sweden                                                                          



In Sweden, business operations improved significantly during the review period, 

continuing the strong development from 2006. Net sales grew by 19.6% compared to

the corresponding period of the previous year and were EUR 35.8 (29.9) million. 

Heavy investments in new capacity and a broadening of the product offering      

continued in an effort to reach new customer groups, whilst improving the       

service level for current customers. Strengthening of the outlet network        

continued in Sweden during the review period. Profit improved mainly due to     

increased net sales and high capacity utilization and cost efficiency. The      

operating profit (EBIT) was EUR 7.4 (3.7, excluding a non-recurring gain of EUR 

5.4 million from divestment of properties in 2006) million, whereas the         

operating profit margin (EBIT-%) was 20.7% (12.5%).                             



Norway                                                                          



In Norway, business operations continued to develop positively. During the      

review period net sales increased by 19.1% compared to the corresponding period 

of the previous year and totalled EUR 34.8 (29.2) million. The profit of the    

Norwegian operations improved in comparison with the previous year primarily due

to further improvement in capacity utilization and increase in sales, especially

in lifts and hoists. The operating profit (EBIT) was EUR 7.8 (5.5) million and  

the operating profit margin (EBIT-%) was 22.4% (18.7%).                         



Denmark                                                                         



In Denmark, business operations grew during the review period. Net sales grew by

22.3% totalling EUR 12.5 (10.2) million. The high share of re-renting of        

machinery and equipment remained due to fast growth in net sales, which lowered 

the operating margins. The profitability was partly improved due to closing a   

non-profitable product line in 2006. The operating profit (EBIT) was EUR 1.3    

(0.7) million, whereas the operating profit margin (EBIT-%) was 10.4% (6.8%).   



Ramirent Europe                                                                 



Ramirent's business operations in Central and Eastern Europe (Russia, Estonia,  

Latvia, Lithuania, Poland, Hungary, Ukraine, and the Czech Republic) continued  

to develop very positively. Heavy investments in new capacity, high utilization 

and expansion of the outlet network further improved the market position of     

Ramirent. The operations in Czech Republic, the most recent addition to the     

Ramirent Group, are developing well according to plan. Compared to the          

corresponding period of the previous year, net sales increased by 73.2% to EUR  

26.8 (15.5) million. The operating profit (EBIT) improved by 200% to EUR 6.9    

(2.3) million, the operating profit margin (EBIT-%) being 25.7% (14.8%).        



PERSONNEL                                                                       



In the review period, the Group employed an average of 3,141 (2,686) people, of 

whom 625 (550) worked in the Finnish operations, 581 (566) in the Swedish       

operations, 612 (547) in the Norwegian operations, 220 (191) in the Danish      

operations, 1,091 (822) in the European operations, and 12 (10) in the Group    

administration.                                                                 



BUSINESS RISKS                                                                  



The main risks affecting Ramirent's business operations are connected to        

economic cycles in construction industry and increased competition. Retaining   

and attracting personnel is one of the main short-term risks.                   



Ramirent is subject to certain financial risks of which the foreign currency and

interest rate risks are regarded to be of greater importance than other         

financial risks.                                                                



Ramirent's business risks and their management have been described in the Annual

Report 2006. The risks have not changed significantly compared to year-end 2006.



SHARES AND SHARE CAPITAL                                                        



During the review period, a total of 16,330 new shares (equalling to 65,320     

shares after the free issue which was approved at the Annual General Meeting on 

19 April 2007 and registered on the Trade Register on 24 April 2007) were       

subscribed with Ramirent Plc's 2002B options, due to which the Company's share  

capital was increased by EUR 7,021.90. The increase was entered in the Finnish  

Trade Register on 22 February 2007.                                             



On 31 March, 2007, Ramirent's share capital was EUR 11,631,532.25 divided into  

27,050,075 shares (equalling to 108,200,300 shares after the free issue which   

was approved at the Annual General Meeting on 19 April 2007 and registered with 

the Trade Register on 24 April 2007).                                           



SHARE TURNOVER AND PERFORMANCE                                                  



During the review period, 4,000,819 (5,386,819) shares (equalling to 16,003,276 

(21,547,276) shares after the free issue) were traded on the Helsinki Stock     

Exchange at a total value of EUR 213,203,256 (132,837,402), i.e. 14.8% (20.2%)  

of Ramirent's total stock was traded. The highest price quoted in the review    

period was EUR 60.20 (28.12) (equalling to EUR 15.05 (7.03) after the free      

issue) and the lowest EUR 44.06 (21.50) (equalling to EUR 11.02 (5.38) after the

free issue). The average price of the period under review was EUR 53.39 (24.62) 

(equalling to EUR 13.35 (6.16) after the free issue) and the last quotation on  

the period's last trading day was EUR 60.00 (27.33) (equalling to EUR 15.00     

(6.83) after the free issue). The Company's market value at the end of the      

period under review was EUR 1,623,004,500 (733,094,700).                        



SHAREHOLDERS                                                                    



The ten principal shareholders on 31 March, 2007 were:                          



--------------------------------------------------------------------------------

|                            | Shares        |          Share |   % of shares  |

|                            |               |     equivalent |      and votes |

|                            |               |    (free issue |                |

|                            |               |     adjusted)  |                |

--------------------------------------------------------------------------------

| Nordstjernan AB            |     7,162,270 |     28,649,080 |        26.48 % |

--------------------------------------------------------------------------------

| Oy Julius Tallberg Ab      |     2,802,002 |     11,208,008 |        10.36 % |

--------------------------------------------------------------------------------

| Ilmarinen Mutual Pension   |       942,700 |      3,770,800 |         3.49 % |

| Insurance Company          |               |                |                |

--------------------------------------------------------------------------------

| Odin Norden                |       522,040 |      2,088,160 |         1.93 % |

--------------------------------------------------------------------------------

| Odin Forvaltnings AS       |       346,062 |      1,384,248 |         1.28 % |

--------------------------------------------------------------------------------

| Odin Forvalting AS/Odin    |       231,795 |        927,180 |         0.86 % |

| Europa SMB                 |               |                |                |

--------------------------------------------------------------------------------

| Fondita Nordic Small Cap   |       215,000 |        860,000 |         0.79 % |

| Placfond                   |               |                |                |

--------------------------------------------------------------------------------

| Varma Mutual Pension       |       211,504 |        846,016 |         0.78 % |

| Insurance Company          |               |                |                |

--------------------------------------------------------------------------------

| Veritas Pension Insurance  |       166,700 |        666,800 |         0.62 % |

| Company Ltd.               |               |                |                |

--------------------------------------------------------------------------------

| Ruzsbaczky István          |       118,266 |        473,064 |         0.44 % |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Nominee-registered         |    10,370,346 |     41,481,384 |        38.34 % |

| shareholders               |               |                |                |

--------------------------------------------------------------------------------

| Other shareholders         |     3,961,390 |     15,845,560 |        14.64 % |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Total                      |    27,050,075 |    108,200,300 |        100.0 % |

--------------------------------------------------------------------------------





2002 OPTIONS                                                                    



At the end of the review period, there were 62,267 Ramirent 2002B options left. 

After the end of the review period, 269,016 new shares were subscribed for      

during the subscription window that ended on 24 April, 2007. After these        

subscriptions there are 28,640 Ramirent 2002B option rights outstanding based on

which 229,120 Ramirent shares can be subscribed for.                            



The share subscription price when exercising the 2002B options is the           

trade-weighted average price of the Ramirent Plc share on the Helsinki Stock    

Exchange, 1 October - 30 November, 2002. The share subscription price is reduced

prior to a share subscription by the amount of decided dividends on the record  

date of each dividend distribution. After the share split 2005, the free issue  

in April 2007, and payments of dividends in 2005, 2006 and 2007, each option    

currently entitles its holder to subscribe for eight shares with aggregate      

subscription price of EUR 9.56. The subscription price of one share is EUR      

1.195. The share subscription period of the 2002B options is 1 October 2005 - 31

October, 2007.                                                                  



DECISIONS MADE BY THE ANNUAL GENERAL MEETING OF 19 APRIL, 2007                  



The Annual General Meeting of Ramirent Plc approved the financial               

statements for 2006 and discharged the members of the Board of Directors and CEO

of Ramirent Plc from liability for the financial year 2006. In addition, the    

Annual General Meeting approved the proposals of the Board of Directors to amend

the Articles of Association, as well as authorised the Board of Directors to    

decide on the acquisition of the company's own shares and on a share issue.     



Distribution of dividends                                                       



The Annual General Meeting in 2007 decided on a dividend of EUR 1.20 (0.60) per 

share. The dividend was paid on 27,050,075 shares on 8 May, 2007.               



Free issue                                                                      



The Annual General Meeting in 2007 decided to increase the number of shares by  

way of issuing new shares to the shareholders without any payment (“free        

issue”). The right to receive new shares in the free issue belonged to the      

shareholder who was entered as a shareholder in the register of shareholders    

maintained by The Finnish Central Securities Depository Ltd. on the record date 

24 April 2007. The free issue was entered into the Trade Register on 24 April   

2007.  After the registration, the company's number of shares is 108,200,300.   

New shares were recorded to the shareholders' book-entry accounts on 25 April   

2007 and trading with the new shares commenced on 25 April 2007.                



Members of the Board and their remuneration                                     



The Annual General Meeting decided to elect seven members to the Board of       

Directors: Kaj-Gustaf Bergh, Torgny Eriksson, Peter Hofvenstam, Ulf Lundahl,    

Freek Nijdam, Erkki Norvio and Susanna Renlund. At the formative meeting of the 

Board of Directors held after the Annual General Meeting, Peter Hofvenstam was  

elected Chairman of the Board and Kaj-Gustaf Bergh Vice Chairman. Peter         

Hofvenstam, Kaj-Gustaf Bergh and Ulf Lundahl were elected members of the Working

Committee. Peter Hofvenstam will act as Chairman for the Working Committee. The 

Working Committee was established in 2004 to fulfil the duties of the Audit and 

Compensation committees set forth in the Recommendation for Corporate Governance

for Listed Companies.                                                           



The Annual General Meeting decided the remuneration for the Chairman to be EUR  

3,000 per month and additionally EUR 1,500 for attendance at Board and Working  

committee meetings and other similar Board assignments; for the vice-chairman   

EUR 2,500 per month and additionally EUR 1,300 for attendance at Board and      

Working committee meetings and other similar Board assignments; and for the     

members of the Board EUR 1,700 per month and additionally EUR 1,000 for         

attendance at Board and Working committee meetings and other similar Board      

assignments.                                                                    



Auditors                                                                        



KPMG Oy Ab, a firm of Authorized Public Accountants, was re-elected auditor.    

Pauli Salminen, APA, is the main responsible auditor appointed by KPMG Oy Ab.   



EVENTS AFTER THE REVIEW PERIOD                                                  



Disclosure                                                                      



On 9 May 2007, Ramirent received a disclosure under chapter 2, section 9 of the 

Securities Markets Act from Julius Baer Holding Ltd. On 26 April 2007, the      

current aggregate holding in Ramirent Plc of entities belonging to Julius Baer  

Ltd.'s group of companies (the Julius Baer Group) as well as of funds with an   

entity of the Julius Baer Group as investment advisor increased to 5,571,972    

shares representing 5.149% of Ramirent Plc´s shares and voting rights. Detailed 

information on the holdings within the Julius Baer Group has been disclosed in  

the stock exchange release on 10 May 2007.                                      



Share subscription based on 2002B option rights                                 



Based on the 2002B option, 269,016 new Ramirent shares were subscribed for      

during the subscription window that ended on 24 April, 2007. The corresponding  

EUR 28,919.22 increase in the share capital is expected to be entered in the    

Trade Register on 22 May, 2007. After the increase the share capital will be EUR

11,660,451.47 and the number of shares 108,469,316. After these subscriptions   

there are 28,640 Ramirent 2002B option rights outstanding based on which 229,120

Ramirent shares can be subscribed for.                                          



FINANCIAL TARGETS                                                               



Ramirent's Board of Directors adopted new financial targets for the Group in    

2006. Ramirent is focusing on profitable growth and the target is to have a     

strong financial position that provides financial stability for long-term       

business decisions. The new financial targets are as follows:                   

- Earnings per share growth of at least 15% per annum                           

- Return on invested capital annually of at least 18%                           

- Dividend payout ratio of at least 40% of the annual net profit.               



OUTLOOK                                                                         



The good market conditions are expected to continue throughout 2007. The Company

estimates that total construction activities will grow at the rate of 3-4% in   

the Nordic countries this year. This view is further supported by the backlog of

the largest Nordic construction companies. In the Central and Eastern European  

markets where Ramirent is present, the Company estimates a further solid growth.



Rental penetration rate is expected to further rise in the Group's markets for  

machinery and equipment rental services as construction companies increasingly  

opt to rent equipment instead of investing in their own fleet. Consequently,    

Ramirent estimates that the machinery rental markets will grow faster than the  

construction markets in 2007.                                                   

                                                                                

Ramirent is well positioned to take advantage of the opportunities available in 

the markets and will continue its heavy investments in capacity in 2007 to meet 

expected strong market demands. The Company will also continue to search for    

bolt-on acquisitions and to further improve internal efficiency to support      

profitable growth. Ramirent expects to clearly exceed its financial targets.    





SEGMENT INFORMATION, INCOME STATEMENT, BALANCE SHEET, CONDENSED CASH FLOW       

STATEMENT, STATEMENT OF CHANGES IN EQUITY, KEY FIGURES, AND CONTINGENT          

LIABILITIES                                                                     



Ramirent Plc adopted the International Financial Reporting Standards (IFRS) on 1

January, 2005. The Group has applied the following amendments to the standards  

and IFRIC's as from 1 January, 2007: Change in IAS 1 Presentation of Financial  

Statements; IFRS 7 Financial Instruments: Disclosures; IFRIC 8, 9, 10, 11 and   

12. The changes do not have any significant effect on Ramirent's financial      

figures.                                                                        



The Interim Report has been prepared in line with IAS 34: Interim Financial     

Reporting. The same accounting policies and definitions of key financial figures

have been applied as in Ramirent Plc's annual financial statements for 2006.    



Segment information is presented for Ramirent's primary segment, which is       

determined by geographical split. Ramirent Plc has started charging a management

fee to the segments as from 1 January, 2007. The segment information has been   

amended accordingly.                                                            



QUARTERLY SEGMENT INFORMATION                                                   



--------------------------------------------------------------------------------

| (EUR million)        | 1-3/07 | 12-10/0 | 7-9/0 | 4-6/06 | 1-3/06 |  1-12/06 |

|                      |        |    6    |     6 |        |        |          |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Net sales            |        |         |       |        |        |          |

--------------------------------------------------------------------------------

| Finland              |   27.1 |    29.4 |  28.2 |   24.4 |   20.7 |    102.7 |

--------------------------------------------------------------------------------

| Sweden               |   35.8 |    38.1 |  31.6 |   31.2 |   29.9 |    130.9 |

--------------------------------------------------------------------------------

| Norway               |   34.8 |    33.0 |  29.2 |   28.9 |   29.2 |    120.3 |

--------------------------------------------------------------------------------

| Denmark              |   12.5 |    14.1 |  14.0 |   11.6 |   10.2 |     50.0 |

--------------------------------------------------------------------------------

| Other European       |   26.8 |    31.8 |  28.4 |   20.8 |   15.5 |     96.4 |

| countries (Ramirent  |        |         |       |        |        |          |

| Europe)              |        |         |       |        |        |          |

--------------------------------------------------------------------------------

| Sales between        |   -0.4 |    -0.2 |  -1.6 |   -0.1 |   -0.5 |     -2.4 |

| segments             |        |         |       |        |        |          |

--------------------------------------------------------------------------------

| Net sales, total     |  136.6 |   146.2 | 129.8 |  116.7 |  105.1 |    497.9 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Operating profit     |        |         |       |        |        |          |

--------------------------------------------------------------------------------

| Finland              |    6.4 |     6.8 |   9.4 |    5.5 |    3.5 |     25.1 |

--------------------------------------------------------------------------------

| % of net sales       |  23.6% |   23.0% | 33.2% |  22.8% |  16.8% |    24.5% |

--------------------------------------------------------------------------------

| Sweden               |    7.4 |     7.5 |   6.1 |    4.5 |    3.7 |     21.8 |

--------------------------------------------------------------------------------

| % of net sales       |  20.7% |   19.6% | 19.2% |  14.4% |  12.5% |    16.7% |

--------------------------------------------------------------------------------

| Norway               |    7.8 |     7.2 |   6.7 |    7.2 |    5.5 |     26.6 |

--------------------------------------------------------------------------------

| % of net sales       |  22.4% |   21.8% | 22.9% |  25.0% |  18.7% |    22.1% |

--------------------------------------------------------------------------------

| Denmark              |    1.3 |     2.5 |   2.6 |    1.3 |    0.7 |      7.0 |

--------------------------------------------------------------------------------

| % of net sales       |  10.4% |   17.4% | 18.3% |  11.4% |   6.8% |    14.1% |

--------------------------------------------------------------------------------

| Other European       |    6.9 |     9.2 |   9.5 |    4.7 |    2.3 |     25.7 |

| countries (Ramirent  |        |         |       |        |        |          |

| Europe)              |        |         |       |        |        |          |

--------------------------------------------------------------------------------

| % of net sales       |  25.7% |   28.9% | 33.5% |  22.7% |  14.8% |    26.6% |

--------------------------------------------------------------------------------

| Costs not allocated  |   -0.8 |    -0.6 |  -0.2 |   -0.2 |   -0.3 |     -1.3 |

| to segments          |        |         |       |        |        |          |

--------------------------------------------------------------------------------

| Group operating      |   29.0 |    32.5 |  34.0 |   23.1 |   15.4 |    104.9 |

| profit excluding the |        |         |       |        |        |          |

| profit of divestment |        |         |       |        |        |          |

| of properties        |        |         |       |        |        |          |

--------------------------------------------------------------------------------

| % of net sales       |  21.2% |   22.2% | 26.2% |  19.8% |  14.7% |    21.1% |

--------------------------------------------------------------------------------





INCOME STATEMENT                                                                



--------------------------------------------------------------------------------

| (EUR 1,000)                      |       1-3/07 |     1-3/06 |       1-12/06 |

--------------------------------------------------------------------------------

|                                  |              |            |               |

--------------------------------------------------------------------------------

| Net sales                        |      136,586 |    105,105 |       497,858 |

--------------------------------------------------------------------------------

| Other operating income           |          256 |      5,729 |         6,907 |

--------------------------------------------------------------------------------

| TOTAL                            |      136,842 |    110,834 |       504,765 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Materials and services           |      -39,133 |    -32,560 |      -149,457 |

--------------------------------------------------------------------------------

| Employee benefit expenses        |      -35,299 |    -29,737 |      -125,742 |

--------------------------------------------------------------------------------

| Depreciation                     |      -17,439 |    -13,878 |       -61,243 |

--------------------------------------------------------------------------------

| Other operating expenses         |      -15,942 |    -13,882 |       -58,003 |

--------------------------------------------------------------------------------

| OPERATING PROFIT                 |       29,029 |     20,777 |       110,320 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Financial income                 |        1,891 |      1,464 |         4,404 |

--------------------------------------------------------------------------------

| Financial expenses               |       -3,814 |     -2,854 |       -11,781 |

--------------------------------------------------------------------------------

| PROFIT BEFORE TAXES              |       27,106 |     19,387 |       102,943 |

--------------------------------------------------------------------------------

| Income taxes                     |       -7,042 |     -3,617 |       -23,787 |

--------------------------------------------------------------------------------

| NET PROFIT FOR THE PERIOD        |       20,064 |     15,770 |        79,156 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Sharing of profit:               |              |            |               |

--------------------------------------------------------------------------------

| To the parent company's          |       20,054 |     15,768 |        79,129 |

| shareholders                     |              |            |               |

--------------------------------------------------------------------------------

| To the Group's minority          |           10 |          2 |            27 |

--------------------------------------------------------------------------------

| Sharing of profit, total         |       20,064 |     15,770 |        79,156 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Earnings per share (EPS),        |         0.74 |       0.59 |          2.93 |

| diluted, EUR                     |              |            |               |

--------------------------------------------------------------------------------

| Earnings per share (EPS),        |         0.74 |       0.59 |          2.95 |

| non-diluted, EUR                 |              |            |               |

--------------------------------------------------------------------------------





BALANCE SHEET                                                                   



ASSETS                                                                          



--------------------------------------------------------------------------------

| (EUR 1,000)                      |    31.3.2007 |  31.3.2006 |    31.12.2006 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| NON-CURRENT ASSETS               |              |            |               |

--------------------------------------------------------------------------------

| Tangible assets                  |      435,851 |    312,547 |       384,486 |

--------------------------------------------------------------------------------

| Investments in process           |        4,648 |          - |             - |

--------------------------------------------------------------------------------

| Goodwill                         |       76,728 |     73,060 |        76,112 |

--------------------------------------------------------------------------------

| Other intangible assets          |        1,471 |      1,213 |         1,527 |

--------------------------------------------------------------------------------

| Available-for-sale investments   |          127 |        415 |           125 |

--------------------------------------------------------------------------------

| Deferred tax assets              |        1,307 |      1,280 |         1,200 |

--------------------------------------------------------------------------------

| NON-CURRENT ASSETS, TOTAL        |      520,132 |    388,515 |       463,450 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| CURRENT ASSETS                   |              |            |               |

--------------------------------------------------------------------------------

| Inventories                      |       18,683 |     15,350 |        17,767 |

--------------------------------------------------------------------------------

| Trade and other receivables      |      100,265 |     74,619 |        97,304 |

--------------------------------------------------------------------------------

| Cash and cash equivalents        |        1,716 |      1,273 |         1,112 |

--------------------------------------------------------------------------------

| Non-current assets held for sale |        4,018 |          - |         4,632 |

--------------------------------------------------------------------------------

| CURRENT ASSETS, TOTAL            |      124,682 |     91,242 |       120,815 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| TOTAL ASSETS                     |      644,814 |    479,757 |       584,265 |

--------------------------------------------------------------------------------





EQUITY AND LIABILITIES                                                          





--------------------------------------------------------------------------------

| (EUR 1,000)                      |    31.3.2007 | 31.3.2006  | 31.12.2006    |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| EQUITY                           |              |            |               |

--------------------------------------------------------------------------------

| Share capital                    |       11,631 |     11,534 |        11,625 |

--------------------------------------------------------------------------------

| Share premium account            |      126,102 |    124,116 |       126,011 |

--------------------------------------------------------------------------------

| Retained earnings                |      146,650 |     77,673 |       127,205 |

--------------------------------------------------------------------------------

| PARENT COMPANY SHAREHOLDERS'     |      284,383 |    213,323 |       264,841 |

| EQUITY                           |              |            |               |

--------------------------------------------------------------------------------

| Minority interests               |           92 |         64 |            83 |

--------------------------------------------------------------------------------

| EQUITY, TOTAL                    |      284,475 |    213,387 |       264,924 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| NON-CURRENT LIABILITIES          |              |            |               |

--------------------------------------------------------------------------------

| Deferred tax liabilities         |       32,602 |     21,706 |        33,135 |

--------------------------------------------------------------------------------

| Pension obligations              |        8,220 |      7,655 |         8,090 |

--------------------------------------------------------------------------------

| Provisions                       |        1,147 |          - |         1,186 |

--------------------------------------------------------------------------------

| Interest-bearing liabilities     |      169,237 |    138,684 |       169,769 |

--------------------------------------------------------------------------------

| NON-CURRENT LIABILITIES, TOTAL   |      211,206 |    168,045 |       212,180 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| CURRENT LIABILITIES              |              |            |               |

--------------------------------------------------------------------------------

| Trade payables and other         |      108,073 |     78,186 |        88,962 |

| liabilities                      |              |            |               |

--------------------------------------------------------------------------------

| Provisions                       |          549 |          - |           581 |

--------------------------------------------------------------------------------

| Interest-bearing liabilities     |       40,511 |     20,139 |        16,936 |

--------------------------------------------------------------------------------

| Liabilities connected to         |            - |          - |           682 |

| non-current assets held for sale |              |            |               |

--------------------------------------------------------------------------------

| CURRENT LIABILITIES, TOTAL       |      149,133 |     98,325 |       107,161 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| LIABILITIES, TOTAL               |      360,339 |    266,370 |       319,341 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| TOTAL EQUITY AND LIABILITIES     |      644,814 |    479,757 |       584,265 |

--------------------------------------------------------------------------------





CONDENSED CASH FLOW STATEMENT                                                   



--------------------------------------------------------------------------------

| (EUR million)                    |       1-3/07 |     1-3/06 |       1-12/06 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Cash flow from operating         |         47.1 |       28.6 |         133.9 |

| activities                       |              |            |               |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Cash flow from investing         |        -68.4 |      -21.7 |        -140.7 |

| activities                       |              |            |               |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Cash flow from financing         |              |            |               |

| activities                       |              |            |               |

--------------------------------------------------------------------------------

|    Proceeds from share           |          0.1 |        1.4 |           2.5 |

|    subscriptions                 |              |            |               |

--------------------------------------------------------------------------------

|    Borrowings / repayments of    |         15.1 |            |               |

|    short-term debt               |              |            |               |

--------------------------------------------------------------------------------

|    Borrowings of long-term debt  |          6.7 |       -8.3 |          20.2 |

--------------------------------------------------------------------------------

|    Dividends paid                |          0.0 |        0.0 |         -16.1 |

--------------------------------------------------------------------------------

| Cash flow from financing         |         21.9 |       -6.9 |           6.6 |

| activities                       |              |            |               |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Net change in cash and cash      |          0.6 |        0.0 |          -0.2 |

| equivalents                      |              |            |               |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Cash and cash equivalents at the |          1.1 |        1.3 |           1.3 |

| beginning of the period          |              |            |               |

--------------------------------------------------------------------------------

| Translation difference on cash   |          0,0 |        0,0 |           0,0 |

| and cash equivalents             |              |            |               |

--------------------------------------------------------------------------------

| Net change in cash and cash      |          0.6 |        0.0 |          -0.2 |

| equivalents                      |              |            |               |

--------------------------------------------------------------------------------

| Cash and cash equivalents at the |          1.7 |        1.3 |           1.1 |

| end of the period                |              |            |               |

--------------------------------------------------------------------------------





CHANGES IN EQUITY                                                               



--------------------------------------------------------------------------------

| (EUR     |        |       |       |       |        |        |      |         |

| 1,000)   |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

|          |  Share | Share | Trans | Reval | Retain | Entrie | Min. |   Total |

|          | capita | prem. |    l. |     . | .earn. |   s on | int. |  equity |

|          |      l |  fund | diffe |  fund |        | non-cu |      |         |

|          |        |       |    r. |       |        |    rr. |      |         |

|          |        |       |       |       |        | assets |      |         |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Equity   | 11,441 | 122,7 | 4,236 |  -580 | 59,027 |      - |   82 | 196,994 |

| 31.12.20 |        |    88 |       |       |        |        |      |         |

| 05       |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Translat |      - |     - |  -974 |     - |      - |      - |   -1 |    -975 |

| ion      |        |       |       |       |        |        |      |         |

| differen |        |       |       |       |        |        |      |         |

| ces      |        |       |       |       |        |        |      |         |

| 1-3/2006 |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Decrease |      - |     - |     - |     - |      - |      - |  -19 |     -19 |

| of       |        |       |       |       |        |        |      |         |

| minority |        |       |       |       |        |        |      |         |

| 1-3/2006 |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Fair     |      - |     - |     - |   265 |      - |      - |    - |     265 |

| value    |        |       |       |       |        |        |      |         |

| adjustme |        |       |       |       |        |        |      |         |

| nt of    |        |       |       |       |        |        |      |         |

| interest |        |       |       |       |        |        |      |         |

| rate     |        |       |       |       |        |        |      |         |

| SWAPs    |        |       |       |       |        |        |      |         |

| 1-3/2006 |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Income   |      - |     - |     - |   -69 |      - |      - |    - |     -69 |

| tax on   |        |       |       |       |        |        |      |         |

| directly |        |       |       |       |        |        |      |         |

| to       |        |       |       |       |        |        |      |         |

| equity   |        |       |       |       |        |        |      |         |

| entries  |        |       |       |       |        |        |      |         |

| 1-3/2006 |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Exercise |     93 | 1,328 |     - |     - |      - |      - |    - |   1,421 |

| d share  |        |       |       |       |        |        |      |         |

| options  |        |       |       |       |        |        |      |         |

| 1-3/2006 |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Net      |      - |     - |     - |     - | 15,768 |      - |    2 |  15,770 |

| result   |        |       |       |       |        |        |      |         |

| for the  |        |       |       |       |        |        |      |         |

| period   |        |       |       |       |        |        |      |         |

| 1-3/2006 |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Equity   | 11,534 | 124,1 | 3,262 |  -384 | 74,795 |      - |   64 | 213,387 |

| 31.3.200 |        |    16 |       |       |        |        |      |         |

| 6        |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Translat |      - |     - | 1,636 |     - |      - |      - |   -6 |   1,630 |

| ion      |        |       |       |       |        |        |      |         |

| differen |        |       |       |       |        |        |      |         |

| ces      |        |       |       |       |        |        |      |         |

| 4-12/200 |        |       |       |       |        |        |      |         |

| 6        |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Fair     |      - |     - |     - |   660 |      - |      - |    - |     660 |

| value    |        |       |       |       |        |        |      |         |

| adjustme |        |       |       |       |        |        |      |         |

| nt of    |        |       |       |       |        |        |      |         |

| interest |        |       |       |       |        |        |      |         |

| rate     |        |       |       |       |        |        |      |         |

| SWAPs    |        |       |       |       |        |        |      |         |

| 4-12/200 |        |       |       |       |        |        |      |         |

| 6        |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Fair     |      - |     - |     - |     6 |      - |    184 |    - |     190 |

| value    |        |       |       |       |        |        |      |         |

| adjustme |        |       |       |       |        |        |      |         |

| nt of    |        |       |       |       |        |        |      |         |

| availabl |        |       |       |       |        |        |      |         |

| e-for-sa |        |       |       |       |        |        |      |         |

| le       |        |       |       |       |        |        |      |         |

| investme |        |       |       |       |        |        |      |         |

| nts      |        |       |       |       |        |        |      |         |

| 4-12/200 |        |       |       |       |        |        |      |         |

| 6        |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Income   |      - |     - |     - |  -173 |      - |    -48 |    - |    -221 |

| tax on   |        |       |       |       |        |        |      |         |

| directly |        |       |       |       |        |        |      |         |

| to       |        |       |       |       |        |        |      |         |

| equity   |        |       |       |       |        |        |      |         |

| entries  |        |       |       |       |        |        |      |         |

| 4-12/200 |        |       |       |       |        |        |      |         |

| 6        |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Directed |     13 |   896 |     - |     - |      - |      - |    - |     909 |

| share    |        |       |       |       |        |        |      |         |

| issue    |        |       |       |       |        |        |      |         |

| 4-12/200 |        |       |       |       |        |        |      |         |

| 6        |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Exercise |     78 |   999 |     - |     - |      - |      - |    - |   1,077 |

| d share  |        |       |       |       |        |        |      |         |

| options  |        |       |       |       |        |        |      |         |

| 4-12/200 |        |       |       |       |        |        |      |         |

| 6        |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Dividend |      - |     - |     - |     - | -16,09 |      - |    - | -16,094 |

| distri-b |        |       |       |       |      4 |        |      |         |

| ution    |        |       |       |       |        |        |      |         |

| 4-12/200 |        |       |       |       |        |        |      |         |

| 6        |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Net      |      - |     - |     - |     - | 63,361 |      - |   25 |  63,386 |

| result   |        |       |       |       |        |        |      |         |

| for the  |        |       |       |       |        |        |      |         |

| period   |        |       |       |       |        |        |      |         |

| 4-12/200 |        |       |       |       |        |        |      |         |

| 6        |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Equity   | 11,625 | 126,0 | 4,898 |   109 | 122,06 |    136 |   83 | 264,924 |

| 31.12.20 |        |    11 |       |       |      2 |        |      |         |

| 06       |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Translat |      - |     - |  -634 |     - |      - |      - |   -1 |    -635 |

| ion      |        |       |       |       |        |        |      |         |

| differen |        |       |       |       |        |        |      |         |

| ces      |        |       |       |       |        |        |      |         |

| 1-3/2007 |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Fair     |      - |     - |     - |    33 |      - |      - |    - |      33 |

| value    |        |       |       |       |        |        |      |         |

| adjustme |        |       |       |       |        |        |      |         |

| nt of    |        |       |       |       |        |        |      |         |

| interest |        |       |       |       |        |        |      |         |

| rate     |        |       |       |       |        |        |      |         |

| SWAPs    |        |       |       |       |        |        |      |         |

| 1-3/2007 |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Income   |      - |     - |     - |    -9 |      - |      - |    - |      -9 |

| tax on   |        |       |       |       |        |        |      |         |

| directly |        |       |       |       |        |        |      |         |

| to       |        |       |       |       |        |        |      |         |

| equity   |        |       |       |       |        |        |      |         |

| entries  |        |       |       |       |        |        |      |         |

| 1-3/2007 |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Exercise |      7 |    91 |     - |     - |      - |      - |    - |      98 |

| d share  |        |       |       |       |        |        |      |         |

| options  |        |       |       |       |        |        |      |         |

| 1-3/2007 |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Net      |      - |     - |     - |     - | 20,054 |      - |   10 |  20,064 |

| result   |        |       |       |       |        |        |      |         |

| for the  |        |       |       |       |        |        |      |         |

| period   |        |       |       |       |        |        |      |         |

| 1-3/2007 |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------

| Equity   | 11,632 | 126,1 | 4,264 |   133 | 142,11 |    136 |   92 | 284,475 |

| 31.3.200 |        |    02 |       |       |      6 |        |      |         |

| 7        |        |       |       |       |        |        |      |         |

--------------------------------------------------------------------------------







KEY FIGURES                                                                     



--------------------------------------------------------------------------------

|                             |         1-3/07 |        1-3/06 |       1-12/06 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Interest-bearing debt, (EUR |          209.7 |         158.8 |         187.4 |

| million)                    |                |               |               |

--------------------------------------------------------------------------------

| Net debt, (EUR million)     |          208.0 |         157.6 |         186.3 |

--------------------------------------------------------------------------------

| Invested capital (EUR       |          494.2 |         372.2 |         452.3 |

| million), end of period     |                |               |               |

--------------------------------------------------------------------------------

| Return on invested capital  |          28.5% |         21.4% |         28.1% |

| (ROI), % 1)                 |                |               |               |

--------------------------------------------------------------------------------

| Gearing, %                  |          73.1% |         73.8% |         70.3% |

--------------------------------------------------------------------------------

| Equity ratio, %             |          44.1% |         44.5% |         45.4% |

--------------------------------------------------------------------------------

| Personnel, average          |          3,141 |         2,686 |         2,846 |

--------------------------------------------------------------------------------

| Personnel, end of period    |          3,244 |         2,694 |         3,016 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Gross investments in        |           74.0 |          41.4 |         176.5 |

| non-current assets (EUR     |                |               |               |

| million)                    |                |               |               |

--------------------------------------------------------------------------------

| Gross investments, % of net |          54.2% |         39.4% |         35.4% |

| sales                       |                |               |               |

--------------------------------------------------------------------------------



The definitions of the key figures are in Annual Report 2006.                   



1) The figures are calculated on a rolling twelve month basis.                  





KEY FIGURES PER SHARE                                                           



--------------------------------------------------------------------------------

|                             |         1-3/07 |        1-3/06 |       1-12/06 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Earnings per share (EPS)    |           0.74 |          0.59 |          2.93 |

| weighted average, diluted,  |                |               |               |

| EUR                         |                |               |               |

--------------------------------------------------------------------------------

| Earnings per share (EPS)    |           0.74 |          0.59 |          2.95 |

| weighted average,           |                |               |               |

| non-diluted, EUR            |                |               |               |

--------------------------------------------------------------------------------

| Equity per share, end of    |          10.50 |          7.88 |          9.74 |

| period, diluted, EUR        |                |               |               |

--------------------------------------------------------------------------------

| Equity per share, end of    |          10.51 |          7.95 |          9.80 |

| period, non-diluted, EUR    |                |               |               |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Number of shares (weighted  |     27,072,481 |    26,925,773 |    27,004,406 |

| average), diluted           |                |               |               |

--------------------------------------------------------------------------------

| Number of shares (weighted  |     27,044,450 |    26,682,209 |    26,857,071 |

| average), non-diluted       |                |               |               |

--------------------------------------------------------------------------------

| Number of shares (end of    |     27,078,106 |    27,067,373 |    27,181,080 |

| period), diluted            |                |               |               |

--------------------------------------------------------------------------------

| Number of shares (end of    |     27,050,075 |    26,823,809 |    27,033,745 |

| period), non-diluted        |                |               |               |

--------------------------------------------------------------------------------



The free issue on 24 April 2007 has not been taken into account in the key      

figures per share.                                                              





CONTINGENT LIABILITIES                                                          



--------------------------------------------------------------------------------

| (EUR million)               |      31.3.2007 |     31.3.2006 |    31.12.2006 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Real estate mortgages       |              - |           0.8 |           0.9 |

--------------------------------------------------------------------------------

| Interest-bearing debt for   |              - |           0.3 |           0.3 |

| which the above collateral  |                |               |               |

| is given                    |                |               |               |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Floating charges            |              - |           2.7 |             - |

--------------------------------------------------------------------------------

| Interest-bearing debt for   |              - |           2.2 |             - |

| which the above collateral  |                |               |               |

| is given                    |                |               |               |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Floating charges            |           75.8 |          76.4 |          76.6 |

--------------------------------------------------------------------------------

| Other pledged assets        |            3.1 |           3.1 |           3.1 |

--------------------------------------------------------------------------------

| Interest-bearing debt for   |          206.0 |         150.8 |         183.8 |

| which the above collateral  |                |               |               |

| is given                    |                |               |               |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Suretyships                 |            2.4 |           1.7 |           2.8 |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Committed investments       |           68.9 |               |               |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Non-cancellable minimum     |           99.6 |          46.3 |          89.3 |

| future operating lease      |                |               |               |

| payments                    |                |               |               |

--------------------------------------------------------------------------------

| Non-cancellable minimum     |            4.9 |          12.6 |           6.1 |

| future finance lease        |                |               |               |

| payments                    |                |               |               |

--------------------------------------------------------------------------------

| Finance lease debt in the   |           -4.7 |         -11.6 |          -5.8 |

| balance sheet               |                |               |               |

--------------------------------------------------------------------------------

| Non-cancellable minimum     |           99.7 |          47.2 |          89.6 |

| future lease payments       |                |               |               |

| off-balance sheet           |                |               |               |

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

| Obligations arising from    |                |               |               |

| derivative instruments      |                |               |               |

--------------------------------------------------------------------------------

| Nominal value of underlying |           94.0 |          65.1 |          49.9 |

| object                      |                |               |               |

--------------------------------------------------------------------------------

| Fair value of the           |            0.2 |          -0.5 |           0.1 |

| derivative instruments      |                |               |               |

--------------------------------------------------------------------------------



Ramirent has borrowing facilities which have equity ratio, leverage ratio and   

other financial covenants. Ramirent's financial ratios are on 31 March, 2007    

significantly better than these covenants.                                      



Ramirent has made no transactions with its related parties during the review    

period. There are no outstanding balances between the company and its related   

parties at the end of the review period.                                        



There are no pending legal cases, the impact of which could have a material     

effect on the figures reported in this interim report.                          



CONFERENCE FOR ANALYSTS AND THE PRESS                                           



A conference for investment analysts and the press will be arranged on Friday 11

May, 2007 at 10.00 a.m. in the Dining Room of Restaurant Pörssi in Helsinki,    

Fabianinkatu 14.                                                                



RAMIRENT'S FINANCIAL REPORTING 2007                                             



In 2007, the interim reports will be published as follows:                      



- 1 January - 30 June 2007: Wednesday, 15 August, 2007                          

- 1 January - 30 September 2007: Wednesday, 7 November, 2007                    



This interim report is non-audited.                                             



Vantaa, 11 May, 2007                                                            



RAMIRENT PLC                                                                    



Board of Directors                                                              





FURTHER INFORMATION:                                                            

CEO Kari Kallio, phone +358 40 716 1832, or email kari.kallio@ramirent.com      

CFO Heli Iisakka, phone +358 40 544 6833, or email heli.iisakka@ramirent.com	   









DISTRIBUTION:                                                                   

Helsinki Stock Exchange                                                         

Main news media                                                                 

www.ramirent.com                                                                





Ramirent is the leading machinery rental company in the Nordic countries, and in

Central and Eastern Europe. The Group has 293 permanent outlets in twelve       

countries and is registered in Helsinki. Ramirent employs over 3,100 people and 

in 2006 the consolidated net sales were 498 million. Ramirent is listed on the  

Helsinki Stock Exchange. For further information, please visit www.ramirent.com.

ramirent interim report jan-jun 2007.pdf