JLG Industries, Inc. Accepts for Purchase Its 8 1/4% Senior Notes Due 2008 and Its 8 3/8% Senior Subordinated Notes Due 2012

  
    
  
  
    
      JLG Industries, Inc. (NYSE:JLG) announced today that it has accepted for 
      purchase pursuant to its offers to purchase and consent solicitations, 
      all of its 8 1/4% Senior Notes due 2008 (the “2008 
      Notes”) and its 8 3/8% Senior Subordinated 
      Notes due 2012 (the “2012 Notes”, 
      and together with the 2008 Notes, the “Notes”) 
      that were tendered to JLG pursuant to such offers. With respect to the 
      2008 Notes, an aggregate principal amount of $87,395,000 were tendered 
      and accepted for purchase, and with respect to the 2012 Notes, an 
      aggregate principal amount of $112,932,000 were tendered and accepted 
      for purchase. Each holder of $1,000 principal amount of the 2008 Notes 
      will receive an aggregate cash payment of approximately $1,008.29, plus 
      accrued and unpaid interest, and each holder of $1,000 principal amount 
      of the 2012 Notes will receive an aggregate cash payment of 
      approximately $1,024.84, plus accrued and unpaid interest. Notes 
      tendered with consents on or before 5:00 p.m., New York City time, on 
      November 21, 2006 will also receive a consent payment of $30 per $1,000 
      principal amount of such Notes.
    
    
      JLG made the tender offers as required by the Agreement and Plan of 
      Merger dated October 15, 2006, by and among JLG, Oshkosh Truck 
      Corporation (“Oshkosh”) 
      and Steel Acquisition Corp., a wholly-owned subsidiary of Oshkosh.
    
    
      The depositary for the offers was The Bank of New York. The dealer 
      managers for the offers and consent solicitation agents for the consent 
      solicitations were J.P. Morgan Securities Inc. ([phone], call 
      collect) and Banc of America Securities LLC ([phone], call 
      collect).
    
    
      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 multichannel 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.
    
    
      This press release is for informational purposes only and does not 
      constitute an offer to buy or the solicitation of an offer to sell JLG’s 
      8 1/4% senior notes due 2008 or its 8 3/8% senior subordinated notes due 
      2012. The offers and the consent solicitations were made only pursuant 
      to the offer to purchase and consent solicitation statement, letter of 
      transmittal and consent and related materials that JLG distributed to 
      noteholders.
    
    
      NOTE: Information contained on our website is not incorporated by 
      reference into this press release.