Terex Corporation Completes Note Redemption

  Terex Corporation Completes Note Redemption

Business Wire

WESTPORT, Conn. -- December 26, 2012

Terex Corporation (NYSE: TEX) today announced that it has completed its
previously announced redemption of the approximately $120 million principal
amount of its 8% Senior Notes due 2017 which remained outstanding. The total
cash paid was $125.8 million, and included a call premium as set forth in the
indenture of 4.00% plus accrued and unpaid interest of $9.111 per $1,000
principal amount at the redemption date. These notes were originally issued in
November 2007.

As previously disclosed, on November 26, 2012, approximately $680 million in
aggregate principal amount of the Notes were validly tendered and accepted for
purchase by the Company.

HSBC Bank USA, National Association, trustee for the Notes, acted as the
paying agent for the Company in connection with this redemption.

Terex Corporation is a diversified global manufacturer reporting in five
business segments: Aerial Work Platforms, Construction, Cranes, Material
Handling & Port Solutions and Materials Processing. Terex manufactures a broad
range of equipment for use in various industries, including the construction,
infrastructure, quarrying, manufacturing, mining, shipping, transportation,
refining, energy and utility industries. Terex offers financial products and
services to assist in the acquisition of Terex equipment through Terex
Financial Services. Terex uses its website to make information available to
its investors and the market.

Contact:

Terex Corporation
Tom Gelston, 203-222-5943
Vice President, Investor Relations
thomas.gelston@terex.com