Information about our acquisition of stock of SpanDeck, Inc.

1. Purposes of Stock Acquisition

In our Mid-Term management Plan (Oct.- 2008), while setting our eyes on "hanging" and "lifting" functions our machines have, we determined to focus our new business domain on "anti-Gravity, spatial work equipment with mobile functions named LE (Lifting Equipment)" to further expand a business in this domain.
In this relation, SpanDeck develops a business in crawler cranes with a telescoping boom under the brand name of Mantis in USA, through the takeover of which we aim at expanding our business in the field of LE by means of incorporating Mantis'range of products, development capabilities production know-how thereof into our Group's benefits.

2. Outlines of our Subsidiary which acquires SpanDeck stock

(1)Trade Name	Tadano America Holdings, Inc.
(2)Location of Head Office	4242 West Greens Road, Houston, Texas 77066, U.S.A.
(3)Representative Director & President	Kenichi Sawada
(4)Date of Foundation	December 4, 2008
(5)Outlines of Business	A holding company
(6)Paid-in Capital	1,000 USD
*It intends to increase 45,000 thousand USD as additional paid-in capital.
(7)Makeup of Stock holders	100% by Tadano Ltd.

3. Outlines of SpanDeck

(1)Trade Name	SpanDeck, Inc.
(2)Outlines of Business	Manufacture and sale of crawler cranes with a telescoping boom
(3)Date of Foundation	November 4, 1985
(4)Location of Head Office	1705 Columbia Avenue Franklin, Tennessee 37064, U.S.A.
(5)Representative	William J. Mitchell, CEO
(6)Paid-in Capital	1,000 USD
(7)Total of Issued Stock	10,100 stock
(8)Net Assets	10,067 thousand USD (for fiscal 2007 ended at November 30)
(9)Total Assets	22,989 thousand USD
(10)Closing Date	November 30
(11)Number of Employees	William J. Mitchell, CEO
(12)Makeup of Main Stockholders	William E. Mitchell	5,090 stock (50.40%)
	William J. Mitchell	1,250 stock (12.38%)
	John R. Mitchell	1,250 stock (12.38%)
	Julia M. Peeler	1,250 stock (12.38%)
(13)Main Business Places	Head Office, Factory (Tennessee, U.S.A.) Factory (Virginia, U.S.A)

(14)Business Results for recent fiscal years

	Fiscal 2006	Fiscal 2007
Sales	21,318 thousand USD	34,118 thousand USD
Operating Income	2,109 thousand USD	3,312 thousand USD
Net Income	1,625 thousand USD	2,688 thousand USD
Net Assets	7,117 thousand USD	10,067 thousand USD
Total Assets	17,008 thousand USD	22,989 thousand USD

4. Stockholders of objective company for stock acquisition

Seven stockholders including six management people, however, there is no business relationship with us.

5. Schedules for Stock Acquisition

December 22, 2008	A resolution to acquire SpanDeck stock was made at a meeting of our board of directors.
Same as above	A resolution to acquire SpanDeck stock was made at a meeting of the board of directors of TAHI.
Same as above	Signing of a transfer contract of SpanDeck stock.
Same as above (Expected)	Acquisition of the whole of SpanDeck stock.

6. Number of Acquired Stock, Acquisition Value and Stock status in Tadano's Possession after Acquisition

(1)Number of stock in Tadano's Possession before acquisition	Nil (possession ratio - 0.0%)
(2)Number of acquired stock	10,100 stock Acquisition Value - 37,500 thousand USD (the value includes a debt with interest which amounts to 8,658 thousand USD)
(3)Number of stock in Tadano's possession after acquisition	10,100 stock (possession ratio - 100.0%)

7. Outlook

The above acquisition will have a negligible effect on our consolidated accounts for the fiscal year ending at March 31, 2009.
As for influences it may exert in the future, we are prepared to publicity provide relevant information, whenever necessary, in an appropriate manner.