Terex Corporation Announces European Capital Markets Transaction

Westport, CT, November 7, 2012 –Terex Corporation (“Terex” or the “Company”) (NYSE: TEX) today announced that Terex International Financial Services Corporation, a subsidiary of the Company, intends to offer, subject to market and other conditions, Euro denominated senior notes maturing in May 2021. Together with another financing transaction announced today by the Company, Terex intends to raise approximately $850 million and to repurchase its outstanding 8% senior subordinated notes. This news release does not constitute a notice of redemption or an obligation to issue a notice of redemption.

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The Euro denominated senior notes will be offered and sold outside the United States pursuant to Regulation S under the U.S. Securities Act of 1933, as amended (the “Act”) and to qualified institutional buyers in the United States pursuant to Rule 144A . The notes have not been, and will not be, registered under the Act, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act and the rules promulgated thereunder.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities of Terex Corporation or its subsidiaries, nor shall there be any sale of such securities in any state, county or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state, county or jurisdiction.

Tom Gelston
Vice President, Investor Relations
T +1 (203) 222-5943
 F +1 (203) 222-0130
E thomas.gelston@terex.com