JLG Jlg Industries

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. ((212) 270-3994, call collect) and Banc of America Securities LLC ((704) 388-9217, 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.