Terex Board Authorizes Increase in Stock Buyback Plan

WESTPORT, Conn.–(EMWNews)–Terex Corporation (NYSE: TEX) today announced that its Board of

Directors has authorized an increase in its share repurchase program,

under which the Company now may purchase an additional $500 million of

the Company’s outstanding common shares. This

brings the total amount that may be repurchased under the share

repurchase program to $1.2 billion, while keeping the program period

expiration date of June 30, 2009. Purchases may be made at the Company’s

discretion from time to time in open market transactions at prevailing

prices or through privately negotiated transactions as conditions permit.

As of June 30 2008, the Company has purchased approximately $362 million

of shares under the repurchase program.

“This action represents the second step-up in

our share repurchase program since the program began. We continue to

believe that investing in our shares provides an attractive return,”

said Ronald M. DeFeo, Chairman and CEO of Terex. “Terex

has the financial strength today to expand the share repurchase program

without affecting our ability to implement internal or external

initiatives. We remain optimistic about meeting our long-term goals, and

are committed to enhancing shareholder value.”

Terex Corporation is a diversified global manufacturer with 2007 net

sales of over $9.1 billion. Terex operates in five business segments:

Terex Aerial Work Platforms, Terex Construction, Terex Cranes, Terex

Materials Processing & Mining, and Terex Roadbuilding, Utility Products

and Other. Terex manufactures a broad range of equipment for use in

various industries, including the construction, infrastructure,

quarrying, surface mining, shipping, transportation, refining and

utility industries. Terex offers a complete line of financial products

and services to assist in the acquisition of Terex equipment through

Terex Financial Services. More information on Terex can be found at www.terex.com.

This press release contains forward-looking information based on the

current expectations of Terex Corporation. Because forward-looking

statements involve risks and uncertainties, actual results could differ

materially. Such risks and uncertainties, many of which are beyond the

control of Terex, include those factors that are more specifically set

forth in the public filings of Terex with the Securities and Exchange

Commission. Actual events or the actual future results of Terex may

differ materially from any forward looking statement due to those and

other risks, uncertainties and significant factors. The forward-looking

statements speak only as of the date of this press release. Terex

expressly disclaims any obligation or undertaking to release publicly

any updates or revisions to any forward-looking statement included in

this press release to reflect any changes in expectations with regard

thereto or any changes in events, conditions, or circumstances on which

any such statement is based.

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