JLG Industries Announces Intention to Delist Upon Consummation of the Proposed Merger with Oshkosh Truck Corporation

  
    
  
  
    
      JLG Industries, Inc. (NYSE:JLG) today announced that it has submitted a 
      request to the New York Stock Exchange for withdrawal of the listing of 
      its common stock, effective December 8, 2006.
    
    
      JLG’s proposed delisting is contingent, among 
      other conditions, upon shareholder approval and closing of the Agreement 
      and Plan of Merger among JLG, Oshkosh Truck Corporation (“Oshkosh”), 
      and a newly formed subsidiary of Oshkosh, Steel Acquisition Corp. (“Merger 
      Sub”). To effect the delisting, JLG filed a 
      Form 25 with the Securities and Exchange Commission and the New York 
      Stock Exchange. By operation of law, the delisting application will be 
      effective on December 8, 2006, unless withdrawn by JLG in advance of 
      such date.
    
    
      Special Meeting of Shareholders
    
    
      JLG Industries, Inc. will hold a Special Meeting of Shareholders to 
      consider and vote on a proposal to approve the Agreement and Plan of 
      Merger among JLG, Oshkosh and Merger Sub, whereby JLG will become a 
      wholly owned subsidiary of Oshkosh. JLG has mailed the definitive proxy 
      statement and other related materials to its shareholders of record as 
      of November 3, 2006 in connection with this meeting. The meeting is 
      scheduled for December 4, 2006, and if approved by shareholders the 
      merger is expected to close on December 6, 2006.
    
    
      About JLG Industries, Inc.
    
    
      JLG Industries, Inc. is the world’s leading 
      producer of access equipment (aerial work platforms and telehandlers). 
      JLG’s diverse product portfolio encompasses 
      leading brands such as JLG® aerial work 
      platforms; JLG, SkyTrak®, Lull® 
      and Gradall® telehandlers; and an array of 
      complementary accessories that increase the versatility and efficiency 
      of these products for end users. JLG markets its products and services 
      through a multi-channel approach that includes a highly trained sales 
      force and utilizes a broad range of marketing techniques, integrated 
      supply programs and a network of distributors in the industrial, 
      commercial, institutional and construction markets. In addition, JLG 
      offers world-class after-sales service and support for its customers. JLG’s 
      manufacturing facilities are located in the United States, Belgium, and 
      France, with sales and service operations on six continents.
    
    
      Forward-Looking Statements
    
    
      This news release contains forward-looking statements within the meaning 
      of the Private Securities Litigation Reform Act of 1995. Forward-looking 
      statements are not guarantees of future performance and involve a number 
      of risks and uncertainties that could cause actual results to differ 
      materially from those indicated by the forward-looking statements. 
      Important factors that could cause actual results to differ materially 
      from those suggested by the forward-looking statements include, but are 
      not limited to, the following: (i) general economic and market 
      conditions, including political and economic uncertainty in areas of the 
      world where we do business; (ii) varying and seasonal levels of demand 
      for our products and services; (iii) risks associated with acquisitions; 
      (iv) credit risks from our financing of customer purchases; (v) risks 
      arising from dependence on third-party suppliers; (vi) costs of raw 
      materials and energy; and (vii) risks associated with our pending 
      merger, as well as other risks as detailed in JLG’s 
      SEC reports, including the report on Form 10-K for the year ended 
      July 31, 2006.
    
    
      NOTE: Information contained on our website is not incorporated by 
      reference into this press release.
    
  
JLG Industries, Inc. (NYSE:JLG) today announced that it has
submitted a request to the New York Stock Exchange for withdrawal of
the listing of its common stock, effective December 8, 2006.

   JLG's proposed delisting is contingent, among other conditions,
upon shareholder approval and closing of the Agreement and Plan of
Merger among JLG, Oshkosh Truck Corporation ("Oshkosh"), and a newly
formed subsidiary of Oshkosh, Steel Acquisition Corp. ("Merger Sub").
To effect the delisting, JLG filed a Form 25 with the Securities and
Exchange Commission and the New York Stock Exchange. By operation of
law, the delisting application will be effective on December 8, 2006,
unless withdrawn by JLG in advance of such date.

   Special Meeting of Shareholders

   JLG Industries, Inc. will hold a Special Meeting of Shareholders
to consider and vote on a proposal to approve the Agreement and Plan
of Merger among JLG, Oshkosh and Merger Sub, whereby JLG will become a
wholly owned subsidiary of Oshkosh. JLG has mailed the definitive
proxy statement and other related materials to its shareholders of
record as of November 3, 2006 in connection with this meeting. The
meeting is scheduled for December 4, 2006, and if approved by
shareholders the merger is expected to close on December 6, 2006.

   About JLG Industries, Inc.

   JLG Industries, Inc. is the world's leading producer of access
equipment (aerial work platforms and telehandlers). JLG's diverse
product portfolio encompasses leading brands such as JLG(R) aerial
work platforms; JLG, SkyTrak(R), Lull(R) and Gradall(R) telehandlers;
and an array of complementary accessories that increase the
versatility and efficiency of these products for end users. JLG
markets its products and services through a multi-channel approach
that includes a highly trained sales force and utilizes a broad range
of marketing techniques, integrated supply programs and a network of
distributors in the industrial, commercial, institutional and
construction markets. In addition, JLG offers world-class after-sales
service and support for its customers. JLG's manufacturing facilities
are located in the United States, Belgium, and France, with sales and
service operations on six continents.

   Forward-Looking Statements

   This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are not guarantees of future performance
and involve a number of risks and uncertainties that could cause
actual results to differ materially from those indicated by the
forward-looking statements. Important factors that could cause actual
results to differ materially from those suggested by the
forward-looking statements include, but are not limited to, the
following: (i) general economic and market conditions, including
political and economic uncertainty in areas of the world where we do
business; (ii) varying and seasonal levels of demand for our products
and services; (iii) risks associated with acquisitions; (iv) credit
risks from our financing of customer purchases; (v) risks arising from
dependence on third-party suppliers; (vi) costs of raw materials and
energy; and (vii) risks associated with our pending merger, as well as
other risks as detailed in JLG's SEC reports, including the report on
Form 10-K for the year ended July 31, 2006.

   NOTE: Information contained on our website is not incorporated by
reference into this press release.