HORIZONHyva Group magazine Edition 1 - 2011

The view from the topIn Unitas Capital and NWS Holdings, I believe that we have found the ideal new shareholders and partners to take Hyva to the next level.

Country HighlightsSome recent highlights of business activities in various countries demonstrate the continued growth and development of Hyva as a global business.

Unitas Capital & NWS Holding, Hyva’s new shareholdersHyva is a very successful company with clear vision and strategy to be an early mover in developing countries utilising the technology and knowledge that it has built up in Europe.

Global production of cylinders passes the one million markThe production of Hyva's one millionth hydraulic telescopic cylinder has been celebrated in facilities around the world - in Germany, Brasil, India and China.

New ownership!

P3The view from the top

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P6Country Highlights

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Hyva wins a Best Managed Company award for the

nd2 time

Unitas Capital & NWS Holdings,Hyva’s new shareholders

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P12Exhibitions 2011

P12Press releases 2011

P16Colophon

Global production of cylinderspasses the one million mark

Contents

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Business Overview

The view from the top

In Unitas Capital and NWS Holdings, I believe that we have found the ideal new shareholders and partners to take Hyva to the next level.

Both companies are highly experi-enced in business in Asian markets – Unitas as a private equity investor in engineering and technology busi-nesses and NWS as an operator of infrastructure (roads, energy, water, ports and logistics) and service businesses (facilities management, construction and transport). Our new partners will also bring new perspectives in some management disciplines such as project finance and supply chain management, procurement and sourcing.

In recent years we have enjoyed significant growth in China and India, and this is likely to continue. It is hugely beneficial therefore that we have active shareholders, with strong network connections, who understand and can help accelerate and consolidate Hyva's position in these regional markets throughout Asia.

However, Hyva will remain a global company with its key functions in the Netherlands although some key leading positions are expected to be based in Hong Kong. All growth markets, including South America, Africa, Central and Eastern Europe and Russia, will be targeted. Western Europe remains exceptionally important in developing many new technologies, applications and markets before they go global. And, much of the potential in North America and Australia is yet to be realised. Our global perspective is vital to the continued success and performance of the company and will

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Louwrens Dijkstra

be maintained through our distri-buted network of production facilities, R&D centres, sales offices and agents.

Employees around the world, at all levels in the com-pany, should be encouraged and excited by the new ownership. Growth brings opportunity in both quantity and quality of employ-ment prospects and career development.

Looking ahead, we expect strong positive growth in most of our regions of operation and expect to achieve revenues in excess of EUR 1 billion in the next five years. We are particularly encour-aged by the potential in the environ-mental service industry and we will be working hard to become a global market leader in this industry as we are in commercial vehicles today.

We recently celebrated the produc-tion of the one millionth Hyva hydraulic cylinder at a ceremony in India. This is a very tangible reminder of the past performance and future potential of the company. The future is bright for Hyva.

As we welcome our new sharehold-ers, we must also say farewell and thank you to 3i and especially our outgoing Chairman, Hamdi Conger. We have worked closely together over the last seven years, tripled the size of the company and brought Hyva a long way towards the truly global business that it is today.

My role within Hyva will also be changing in the coming months. After more than twenty years with Hyva, more then seven of them as CEO, I will be stepping down but will continue to be associated with Hyva in an advisory role. I would like to thank my fellow Board members, our management teams and all of our employees for their contributions to the growth and success of Hyva during my tenure as CEO.

It has been a remarkable journey for all of us and I have enjoyed every step of it. I feel privileged by having had the chance to work together with a remarkable team of people over more than two decades and I would like to especially say thanks to all our customers for their loyalty and friendship while we were growing together. I will never forget it.

Louwrens Dijkstra (Chief Executive Officer)

The new investment in Hyva, a leveraged buyout by Hong Kong-based Unitas Capital and NWS Holdings is a significant develop-ment for our company. Financing of the debt portion of the deal entirely through a $375 million high-yield bond issue is a first-of-its-kind in Asia. This innovative approach demonstrates creative leadership, gives more flexibility in financial management and conserves cash within the business for day-to-day operations.

The success of the bond issue can also be viewed as a 'vote of confi-dence' in Hyva by international investors and validation of the new shareholders' assessment of the value of Hyva's brand, entrepreneur-ial spirit, R&D culture, products and services, global positioning and strength in growing markets.

The addition of new shareholders with strong credentials in operations in Asian markets is a powerful and timely development for Hyva. Unitas Capital has partners with the operating expertise to evaluate investments and NWS is a well established operator and service provider in roads, energy, water, ports and logistics projects in Mainland China. Their affinity with parts of Hyva's existing business is strong.

Although Hyva is, and will remain, a global company, much of our short to

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Roelof Koch

Our new partners will bring improved access to potential customers in Mainland China and additional expertise in business processes such as supply chain, procure-ment and localisation of production.

The pursuit of 'local' growth opportunities within a global frame-work of operation will stimulate much change and new opportunities for employees.

Since 2004, with 3i as investors, Hyva has achieved significant growth and established a global business. In the next stage with Unitas and NWS as investment partners we will be aiming, through organic growth and acquisition, to drive business revenues beyond EUR

1 billion and achieve, besides our current global leadership in hydraulic solutions, market leadership in sectors such as environmental services.

Roelof Koch (Chief Financial Officer)

medium term growth is likely to come from operations in India, China and other Asian markets. Our new partners' experience in these markets will be invaluable.

Demand for hydraulic cylinders will increase and expansion of capacity is planned for China and India. There is great potential for localisation of cranes and development of products for waste handling and processing. Improved 'local' knowledge will also allow us to build better long term partnerships and make improve-ments in sourcing, purchasing and supply chain management. Cost savings may also be realised through vertical integration and acquisition targets should be more readily identified.

R&D will continue and should probably be strengthened in priority product categories such as cranes and waste handling. There will be a lot of change in Hyva's operations and employees will benefit from this as new jobs are created and new opportunities opened up.

Looking ahead ten years, Hyva will certainly be a much larger company – possibly three times its current size – with a broader global footprint. It will be much more vertically integrated and, in addition to hydraulics and commercial vehicles, it will have established market leading businesses in cranes and environmental services.

Since I joined Hyva in 2006, I have been responsible for all Operations and the R&D function. In this time, we have implemented many advances in both of these areas which have contributed to the growth of the company. Now, as I leave Hyva, I wish the new shareholders continued success and would like to thank my colleagues on the Board and throughout the company for their support and friendship over the last five years.

Dirk van der Weeen

Dirk van der Weeen

Farewell to Dirk

Alphen aan den Rijn, rolled out globally in 2011. which is based on the premise that “We are very proud to be awarded organisational balance results in Netherlands, 06 May 2011. Best Managed Company for the greater efficiency and better Hyva, a leading global provider of second time. This is very presti- performance. The BMM is the transport solutions for the commer-gious!” commented Louwrens result of a unique collaboration cial vehicle and environmental Dijkstra, CEO of Hyva Group. “The between Utrecht University and service industries, has won a Best award recognises the consistency Deloitte. The model assesses the Managed Companies Award for and durability of our performance internal organisation of companies companies with headquarters in the based on a sustainable and success- in terms of strategy formation, Netherlands, for the second succes-ful business model and strategy. organisation & process, governance, sive year.Again, our management team and information technology and people all of our employees are commended & culture. It also considers external Best Managed Companies is an for their commitment, dedication factors such as competitive and initiative of Deloitte, a global and efforts.” environmental pressures and the consulting and financial advisory

organisation's ability to respond to group. The programme which was Evaluation of nominee companies them.introduced in the Netherlands in for the award is guided by the 2007 is also established in Canada, Business Maturity Model (BMM) Ireland and Mexico and is being

Hyva wins a Best Managed Company award for the

nd2 time

www.hyva.com5

BELGIUM and tanks behind the cab (170/350 duced. This means that customers Product developments included a bar pressure versions) for rear don't need to bring their trucks to new series of DA front-end cylin- tippers. the workshop.ders (FC129 and FC149) for IPSAM, a new HyvaLift hooklift for On the service side of the business, Hyva Belgium signed up as an agricultural trailers and the on-site assembly of wet kits on importer of Fontaine fifth wheel equipping of Mercedes Actros 6x6 tractors (one a day) from our fully couplings and trailer support legs.and 4x4 tractors with Hyva wet kits equipped service truck was intro-

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Country HighlightsSome recent highlights of business activities in various countries demonstrate the continued growth and development of Hyva as a global business.

THE NETHERLANDS Product developments and deliver- Ÿ Kennis cranes (7) for HTC (part Hyva Barendrecht opened a new ies included: of Zwaagstra Groep) in location in Bergschenhoek. The Hoogeveen. The company is

2Ÿ Hyva tipper units for new increasing its production of 700m building comprises a work-

Mercedes Benz 4- and 5-axle concrete floors and seeking the shop with two building and two construction vehicles. flexibility to manage distribution service places, a warehouse, a

Ÿ HyvaLift skip loaders (6) and of its own productsmeeting room and two flexible Hyva rear tippers (2) for Beelen In an innovative 'Back to the future' working places for travelling sales Sloopwerken. project, in collaboration with Saan people.

and Icova, Hyva supplied HMF 1720 cranes for Mokum Mariteam – an initiative which is bringing more city traffic back to the canals of Amsterdam. The ships which are completely electric and equipped with customised HMF cranes can deliver, for example, building materials to construction projects and food and equipment to hotels and restaurants. This transport solution reduces air and noise pollution and may reduce accidents.

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ROMANIAThe most significant development has been the delivery of the biggest truck crane sold on the Romanian market – Hyva Crane model HC501xE8. The customer, which operates in the telecoms and power/electricity infrastructure sector, needed a heavy duty chassis with a strong crane for moving high voltage and GSM pillars. The Hyva solution was selected as the best of the four offers considered. The crane with a lifting moment of 46 Tm and with remote control and full accessories was delivered on time with a full service and support plan.

After 2-3 months of operating, the owner called to compliment Hyva on the performance of the crane which had just successfully com-pleted a complicated task of moving some very heavy poles in difficult terrain in a mountainous part of the country. Previously, this work would have needed 2-3 machines, would have taken longer and incurred higher costs. This time it was completed with just one crane, one truck and one trailer.

RUSSIA We are now working with several Partnerships are being created with Hyva Russia continued to expand well known truck builders such as local distributors to deliver Hyva and recruit new employees. As part Scania, MAN, Renault and Daimler. products to end-users all around of this expansion, the company With Scania, we are delivering Russia. Any company that wishes to relocated from Moscow to a new packaged hydraulic wet kits to their become a Hyva distributor in

2 truck factory in St. Petersburg, Russia has to follow certain stan-1,000 m warehouse and workshop ready to be opened directly on the dards: must be loyal to the brand; premises in Podolsk, a city 16km tipper assembly line. should create a local stock of Hyva outside Moscow with better trans-

products; and be able to perform port connections.service and warranty works. In December 2010, Hyva Russia organised a distribution meeting in Russia with 16 people from 11 companies to discuss distribution policy, territory regulations, future plans and new products that could be sold through distributors. The event ran over one and half days and included an evening party during which the three best distri-butors of 2010 where awarded with diplomas. For some customers our distribution network is the key decision factor as they know that they can find spare parts and local technical support even when thousands of kilometres from Moscow.

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BRASIL 2011 is 'Year of Holland' in Brasil Hyva do Brasil celebrated its 15th and the Embassy is preparing a lot anniversary in 2010. Customers of activities for this event. Hyva do were invited to a party in the Brasil is advertising throughout the industrial plant and the opportu- event. At the opening, a Hyva nity was taken to introduce the new Crane HB 230 has taken part in a Hyva Crane HB 77 and a new SKD show named “Flying jellyfish”, assembly line for the cranes. where the equipment has supported

the acrobats during the presenta-In January 2011, Hyva do Brasil tion above the Paranao Lake in produced the 200,000th cylinder in Brasilia city.Brazilian facilities and in March 2011, a new subsidiary of Hyva do Brasil was opened in São Paulo. The subsidiary will commercialise cylinders, cranes, hydraulic compo-nents to the customers in the southeast region of Brasil.

POLAND authorise them to weld carbon steel In December 2010, Hyva Polska and stainless steel as well as to relocated to new premises on carry out maintenance on load Póllanki Street in Krakow. handling equipment. We are still The new, modern building occupies working on developing our service

2 station and widening the scope of an area of nearly 2,500 m and its operations.comprises offices, storage space and

the Hyva Polska service shop. The Although we have only been aesthetic, spacious and functional operating for a few months from spaces provide employees with our new premises, all feedback has conditions for comfortable work. been extremely positive as to the There is no doubt that such an benefits of our new environment.improvement has a positive effect

on each of the employees, stimulat-In January 2011, Hyva Polska ing fresh ideas, new solutions and opened a Regional Distribution generating a positive outlook on the Centre (RDC) for goods for the future.Central and Eastern Europe region. The RDC delivers the goods to The new space has a storage area of

2 branches in Poland, the Czech 1,000 m . Goods can be stored up to Republic, Romania and Hungary. 7.5 m high and there is room for The basic advantages of the RDC 1,100 pallets. The service shop has

2 are quicker access to the parts an area of 850 m and is equipped ordered, a reduction in the mini-with three repair bays, three mum amounts stored in warehouses mounting bays (with a 6.3 t over-in daughter companies, optimised head crane), and for the conve-working capital and shorter-time nience of customers there is a large deliveries to customers.car park in front of the service

shop. Our workers hold welding certificates issued by the Office of Technical Inspection, which

Unitas Capital & NWS HoldingsHyva’s new shareholders

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"Hyva is a very successful company potential. We will add our knowl- ships in China which should be very with clear vision and strategy to be edge, direction and support to the helpful for Hyva.an early mover in developing Hyva management team as they countries utilising the technology lead the company into the next Continuing growthand knowledge that it has built up phase of its growth and develop- We expect to achieve growth of 15-in Europe. This has been done ment. 20% per annum and achieve skilfully with an empowered and revenues of EUR 1 billion in the entrepreneurial culture. As a new Hyva is already a successful, global next five years. Growth potential is chairman, I look forward to work- business with a strong, proven even higher if we can identify ing with the management team and management team and a highly complementary products that can other experienced directors in trained and committed workforce. be funnelled through Hyva's strong building an even stronger portfolio Unitas and NWS are ideally placed, worldwide network. Growth will of products for our worldwide as financial and operating partners, continue to be strong in China, markets and continuing with high to build on this foundation and take India and Brasil. Russia and standards of corporate governance, Hyva to the next level. Eastern Europe too are growing management performance and and growth in many of the more accountability." Unitas is a financially strong and mature economies of Western Ajeet Singh, Chairman, Hyva. experienced private equity investor Europe, North America and

in businesses operating in Asian Australia should rebound as markets. Our investment strategy economic conditions continue to

Welcoming Hyva's new shareholder is to focus on companies which are improve. There are also opportuni-companies, Unitas Capital and leaders in highly engineered ties in other South American NWS Holdings, Horizon spoke with products and with a strong technol- countries and in the continent of representatives from each company: ogy component. NWS is a listed Africa.namely Ajeet Singh (incoming company on the Hong Kong Stock Chairman of Hyva) and John D Exchange which operates a diversi- In all of these territories, growth Lewis of Unitas Capital; and fied portfolio of infrastructure and will be achieved through sales of William Junior Guilherme Doo and services businesses in Hong Kong, both long-established product Stephen Lee of NWS Holdings. Mainland China and Macau. ranges such as cylinders and newer

product ranges such as cranes, Building on Hyva's success Hyva is a perfect fit for our invest- through new product and applica-Our decision to invest in Hyva is a ment strategy and our operating tion developments and by sourcing tribute to both the company's knowledge and experience. NWS-'s of complementary products.success to date and its future brings deep knowledge and relation-

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From left to right: John D Lewis, Ajeet Singh, Louwrens Dijkstra, Stephen Lee, Steve Stewart and Nelson Chan

Unitas Capital & NSW HoldingsHyva’s new shareholders

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Sector growth will also be pursued and customer care. Louwrens will continue. Similarly, investment in and market leadership sought in continue to be associated with Hyva marketing is highly valued. industries such as environmental in some advisory role. Particular attention will be paid to services where Hyva can leverage some of the newer areas of opera-its strong position in waste collec- Investment in People, R&D and tion where there may be a need to tion and management systems. raise awareness and stimulate Marketing

demand for Hyva's product and New investment is good news for Management disciplines such as service range.management and indeed for all supply chain management will also employees of Hyva. Growth will contribute to growth. We will have The outlook for Hyva is bright and create more jobs and bring many access to new suppliers in lower we look forward to advancing and new opportunities for learning and cost countries and we will invite the realising the full potential of this advancement as new avenues are best of all of our existing suppliers great business.opened to business.from across the world to join our new localisation programmes The Hyva culture of investment in designed to reduce input costs research and development and in through lower material costs and applications engineering will alternative manufacturing and sourcing routes for key components.

Managing a global companyHyva is a global company and will continue to be a global company with balanced and managed operations across all regions of the world. In the last couple of years there has been an apparent 'shift to the East' as Hyva has, quite cor-rectly, capitalised on strong growth opportunities in China and India. However, other regions too are showing real growth. Management will ensure that a global perspective is maintained and not sacrificed for any short term 'local' opportunities. Global reach and operating capabil-ity is key to the continued success and performance of the company.

As we move forward in 2011, Ajeet Singh is the new Chairman of the company, Alex Tan joins the Board and a new CEO will be appointed. The new CEO is likely to divide his time between the Netherlands and the rest of the world. A decision on the location of the head office will be taken at an appropriate time to suit the business, but key strengths of Hyva will be maintained in the Netherlands.

Louwrens Dijkstra, the outgoing CEO, deserves high praise for his leadership of Hyva over the last decade. Since 2004, as CEO, he has fostered a culture of innovation and entrepreneurial activity and defined and implemented a strategy which has established Hyva as a global business with a strong brand reputation for products, services

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The production of Hyva's one lifetime of a vehicle have delivered Work on new production capacity, millionth hydraulic telescopic low lifetime costs to customers. new designs and new applications cylinder has been celebrated in will ensure that customer needs will facilities around the world - in Steady growth in cylinder produc- be satisfied not only in terms of Germany, Brasil, India and China. tion from 1981 to 2005 was followed quantity but also in terms of quality Celebrations will be led by the by a period of exponential growth in and innovation. New designs, many managing directors in each country, the last six years. 2006 production based on new materials, will create Mr Rogerio de Antoni in Brazil, Mr was three times that of 2005, a cylinders which are more efficient, Jagadish Bhat in India and Mr Alex cumulative total of 500,000 was more powerful, faster and lighter.Tan in China. China produced more reached in 2007 and cylinders are than 100,000 cylinders in 2010 and now being produced at the rate of Louwrens Dijkstra, CEO of Hyva, reached a total of 200,000 since 4,000 to 5,000 per week. Hyva is who attended the 1st celebration 2004. Brasil produced cylinder now by far the largest supplier in event which was held in India on 15 number 200,000 in January 2011. the world and is planning to March 2011, said, “One million

maintain that position in the cylinders is an exceptional achieve-This achievement is one of which future. ment. It is not only the cumulative Hyva is justifiably proud and has total that is impressive but also the been made possible by the global The production rate will continue to rate of increase in production in vision of the Board and increase and it is likely that Hyva's recent years to satisfy demand in Management Team and the com- two millionth cylinder will be new applications and new geograph-mitment to high quality and produced within the next three to ical territories as our business has effective team working demon- four years. The demand to sustain grown. And, very importantly, strated by all employees. Producing this production will be driven while increasing volumes we have and selling close to market, under- predominantly by infrastructure, maintained and continuously standing local needs and conducting mining and construction projects improved the quality and innova-lots of application engineering has and general GDP growth in the tion associated with the Hyva built strong relationships with 'new' economies of China, India, brand.”customers. Quality products with South America, the Middle East high reliability which last for the and Africa.

Global production of cylinderspasses the one million mark

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Work Truck Show, 2-4 March 2011, Indianapolis, USA

2006, with attendees from many of the major trucking companies. Two new accounts were secured and several other leads initiated with Hyva unveiled its new exhibition companies who expressed an booth, designed by Marcel van der interest in switching to Hyva. Horn, and displayed FEE cylinders, These are very encouraging signs FC cylinders and a selection of for the year ahead.”brochures (FEE, FC and BU series).

“This was probably the best organized and supported show since

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Exhibitions 2011Hyva participated in

CONEXPO, 22-26 March 2011, Las Vegas, USA

industry showing front-end loaders, Dump truck exhibits included excavators and cranes, dragging Beauroc, Oxbodies, Rogers, equipment and mining equipment. Brandon and J&J Bodies.The companies exhibiting included CONEXPO-CON/AGG, held every Terrex, Komatsu, CAT, Sany, three years, is the largest exhibition Kobelco, Case, Kubota, and of its type in North America and Hyundai. showcases the latest equipment,

products, services and technologies Trailer manufacturers included for the construction industries. Hyva Manac which showed a side dumper did not display at this show but did with 8 side dumps and Rankin have representatives 'walk' the show.which displayed an inverted cylinder.This show is primarily for the

larger equipment in the aggregate

Mid America Trucking Show, 31 March-2 April 2011, Louisville, Kentucky, USA

made contact with Beelman Truck Co. of St Louis who is interested in moving to Hyva. We are working on the development of the FEE 8-5-255 using a lower set piston eye.Hyva cylinders were included in

Wink Dump Trailers and in a “We have had two very high quality Brandon super ten displayed at the shows in the US this spring. The Western Star Trucks booth. These numbers are showing the impact of leading manufacturers are deliver-our hard work and persistence in ing premium exposure for Hyva the market and we believe that this cylinders.year will be a pacesetter for Hyva in the US.”We will be signing Heritage Truck

Equipment of Akron Ohio and

Carrosserie Vakdagen, 29-31 March 2011, Hardenberg, The Netherlands

Hyva NL was very well represented at this successful exhibition (16,644 visitors). New this year was an outdoor exhibition area in addition to the indoor hall.

The following products were displayed on the stand:

HMF 2420K5 Holterman/BBA (sold by DHS)HMF 4720K (Klomp Zwolle/DHS)HMF 1720K5 (Vlastuin/DHS)Kennis 14-R/60-2 (Zwaagstra)Kennis Premium clamp (Zwaagstra)Kennis Pallet fork (Zwaagstra)

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ExpoCam, 7-9 April 2011, Montreal, Canada

Hyva attended but did not display at Canada's national trucking show which is much smaller than the Mid America Trucking Show in Louisville. Hyva is still relatively unknown to end users. However, recognition is improving and attendance at trade shows is helping this process.

We have won a few deals against Mailhot and Cross Country is now using Hyva products.

One new installer customer (Delta Spring in Bresalau) who will be using Hyva cylinders in dump trucks was signed and two more (Can American in St. Catherines and Cottrill Heavy Equipment in Kincardine) are likely to come on board in the coming weeks.

NUFAM, 14-17 April 2011, for Hyva Georg GmbH with many enquiries from Germany and Karlsruhe, GermanySwitzerland.”

Hyva presented the new Skiploader Type “XXL”, mounted on a Scania 4x2 Truck, which offers container arms extending up to 1,600mm, a big advantage for stacking contain-ers or lifting containers over walls. The “XXL” is available as both 14 and 18 Ton systems.

The Hyva stand in Hall B2 also exhibited a City hook system mounted on an Iveco Daily with a gross vehicle weight of 3.800 kg., a Demo Unit of a tractor wet kit and the Hyva hydraulic container locking system which easily secures various types of containers, includ-ing press containers.

“This regional exhibition in the South of Germany was a big success

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Annual Waste Seminar, 3-5 May We exhibited an NG2012TA-XXL The waste sector is an ideal cus-skiploader and a 20-60-S hookloader tomer group for the products of 2011, Szombathley, Hungarymounted on Scania chassis. Hyva Hungária Kft. – Hyva tractor

wetkits, HyvaLift hook and This Waste Seminar is a national These demonstration trucks will be skiploaders and Cargofloor solu-forum for waste service provider handed over to clients for trial, to tions.companies and is an excellent experience the efficiency of the opportunity for Hyva to present its chassis and bodies.hookloader and skiploader ranges.

Brisbane Truck Show, 5-8 May Remote Control and Elphinestone Weighing System. The confirmation 2011, Brisbane, Australiathat HyvaLift are the preferred supplier for national fleets such as The 2011 Brisbane Truck Show was Veolia, One Steel and Toxfree is due the first one held at the Brisbane to these extra features solving their Convention Centre having moved issues of compliance and driver from its historical, rather frag-safety.mented location at the Brisbane

Showground. This change of venue Hyva Hydraulics displayed an FE-meant the exhibitors had a little 191-5-6480 cylinder kit and a wet less stand space than previously but kit configuration and were able to the visitors were efficiently directed continue the trend shown by many through 3 main halls, and judging Australian bodybuilders transfer-by how busy the 4 days were for ring their allegiance to Hyva, by Hyva Pacific, this new venue was a receiving the first order from real improvement. Hercules Bodies for 26 cylinders. An order from Lusty Trailers for a Hyva Pacific's stand focused on the 20-65 SK trailer mounted hooklift popular Ferarri Crane range was final confirmation that the displaying the 330, 350, 530 and 2011 Brisbane Show had been a 710 models. Orders for two 719 resounding success for Hyva cranes were received from an Pacific.excellent new customer Pro Cranes from Victoria and the Queensland The biennial Hyva Pacific dinner on Agent Truck Cranes Australia also the evening before the show saw a placed an order for a 714 model.good mix of Hyva sales agents, new customers, national fleet managers Both the Hyva Skiploader Tarp and chassis dealers comparing notes System and the Hydraulic Skip Bed on the year so far over some Locks were launched at the show excellent food and wine. and displayed on an NG2012TA.

The HyvaLift department high-lighted this new technology on the skiploader along with the Hetronic

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Press releases 2011

Hyva reports record results for 2010

Alphen aan den Rijn, Netherlands, 30 March 2011. Hyva, a leading provider of transport solutions for the commercial vehicle and environmental service industries, has published record sales revenues and strong earnings in its Annual Report for 2010.

Turnover increased to €486 mio in 2010, better than 2008 and 2009 and the highest annual sales revenue in Hyva's history. Earnings (EBITDA) also recovered to reach €60mio. Trading was especially strong in China, India and South America and ahead of regional GDP growth rates.

Other highlights include:A record year for telescopic cylinder production: 190,000 globally, including 100,000 in ChinaLocalisation of crane manufacture in BrasilCommissioning of underground waste transfer stations in ChinaInvestment in new factories in China and IndiaEstablishment of new importers in Israel, Kenya and South AfricaAdditions to the product portfolio in cylinders, hydraulic components, cranes, skip loaders and waste management solutionsGreen Label truck mounted cranes and Green Cylinder TechnologyTM15th anniversary of Hyva do BrasilAwards for 'Best managed companies 2010' in Holland and 'Truck application builder of the year 2010' in IndiaParticipation in 23 exhibitions around the world

In December, it was announced that Hyva was to come under new ownership in a deal expected to be completed in the first half of 2011. 3i and the Hyva management team signed an agreement to sell Hyva Holdings to a consortium led by Unitas Capital, a leading Asia-based investor in industrial and consumer based businesses, for an enterprise value of €525 mio.

With the Unitas consortium as new owners, Hyva has a new partner with strong Asian ties and a successful track record of helping global industrial businesses grow in emerging markets. This will assist the company with its continued expansion.

Commenting on Hyva's performance in 2010 , Louwrens Dijkstra, CEO, said, “Retaining the overall structure of the company and maintaining continuity in our management team through the recession have paid dividends in both financial and operating performance. As a truly global company we are now well positioned to pursue and consolidate opportunities wherever they are identified and to continue our growth to the benefit of our shareholders and employees.”

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Hyva adds the most compact hook loader to HyvaLift range

Alphen aan den Rijn, Netherlands, 10 May 2011. Hyva, a leading global provider of transport solutions for the commercial vehicle and environmental service industries, has introduced the 01-18-R 'City' hook loader as the smallest in the HyvaLift range.

The 01-18-R has been developed to assist companies with the efficient and safe transport of goods up to 500 kilograms and meet the growing demand for efficient transport solutions in the sub-3.5T GVW class.

In many countries this GVW class is not restricted or less restricted by regulations than vehicles above 3.5T GVW. Furthermore, these compact vehicle combinations allow users to access narrower roads and smaller spaces while still maintaining the functionality of a larger hookloader.

The Hyva 'City' hook loader provides a durable light-weight system, which has the flexibility to fit many different containers or accessories. This enables the 01-18-R to cater for many transport requirements in construction, environmental, gardening and general transport applications.

The 01-18-R is designed to improve (un-)loading times by using removable containers and a fast and safe loading mechanism. The 01-18-R can handle containers with lengths of 1.8m up to 2.4m* and has a lifting and tipping capacity of 500 kilograms. This capacity enables the 01-18-R,

2for example, to efficiently transport 2 euro pallets, 2 big bags or 2m of waste. And because the hydraulic power unit and electric controls are included in the system, no additional investment in PTOs or pumps is required, resulting in a cost-efficient, flexible and ergonomic container handling system.

The Hyva 'City' hook loader can improve economic performance by increasing operating efficiency and decreasing absenteeism caused by work related injury. Reduced (un)loading and waiting times will save man hours and ground level loading can reduce lift related injuries (Lower back pains have a relatively high prevalence amongst workers in the small construction and landscaping sectors).

All the specifications of the new 01-18-R 'City' hook loader are available through the I-Catalogue, Hyva's online tool which is accessible through the Hyva website (www.hyva.com). This provides up-to-date specifications and information on the complete range of HyvaLift products.

* Depending on legal restriction and mounting of the system.

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HORIZON

ColophonHyva Group Horizon magazine is an international newsletter for customers and other contacts of Hyva Group. Every care is taken to ensure that the information contained in this magazine is up-to-date and correct, but it should not be used as a basis for decision making.

EditorHyva GroupMarketingOndernemingsweg 12404 HM Alphen a/d RijnThe Netherlandswww.hyva.com

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The true horizon – the apparent line that separates earth from sky – is often obscured by features such as trees, buildings or mountains to create a visible horizon.

Hyva is always looking beyond the visible horizon to discover and explore opportunities which exist but may be obscured by other features in the business landscape. We are constantly challenging and broadening our horizons as we move from continent to continent, around the world.

About Hyva Group

Hyva Group is the leading global provider of innovative and

highly efficient transport solutions for the commercial vehicle

and environmental service industries. The company is committed

to the development, production, marketing and distribution of

components used in hydraulic loading and unloading systems on

trucks and trailers. Its products are used worldwide across a

range of sectors including transport, construction, mining,

materials handling and environmental services providers.

Hyva produces the strongest front-end hydraulic telescopic

cylinder in the world, double acting cylinders, fixed mounted and

rolling truck cranes, container handling systems such as hook

loaders and skip loaders, mobile and static compactors and other

waste collecting units. Hyva's portfolio comprises: Hydraulics

(cylinders and tipping gear), Container Handling Systems (hook

and skip loaders), Floors (horizontal unloading/loading floors)

and Cranes (fixed and rolling). These products are designed and

marketed under several well respected brands: Hyva, Kennis, F.lli

Ferrari and AmcoVeba. Hyva is also a distributor of high value

components.

Founded in 1979, the company is headquartered in Alphen aan

den Rijn in The Netherlands and has significant manufacturing

facilities in Brazil, China, Germany, India, Italy and The

Netherlands. Operating in more than 130 countries the company

has more than 1,600 employees around the world, encompassing

36 subsidiaries and 11 production facilities. Hyva has more than

25,000 customers.

For further information, please visit our internet site:

www.hyva.com