[TEREX LOGO]


                     NEWS RELEASE NEWS RELEASE NEWS RELEASE

For information contact: Tom Gelston, Director - Investor Relations (203)
222-5943

                           COLIN ROBERTSON PROMOTED TO
                     EXECUTIVE VICE PRESIDENT -- OPERATIONS

         WESTPORT, CT, November 3, 2005 -- Terex Corporation (NYSE: TEX) has
announced the promotion of Colin Robertson to the position of Terex Corporation
Executive Vice President - Operations, effective January 1, 2006. In this new
critical and strategic role, Mr. Robertson will report directly to Ronald M.
DeFeo, Terex's Chairman and Chief Executive Officer, and will be headquartered
in Terex's corporate offices in Westport, CT. In this assignment, Mr. Robertson
will be responsible for developing and implementing world-class capability in
supply chain management, logistics and global purchasing, as well as for
improving manufacturing facility utilization around the world. He also will play
a key role in Terex's China initiatives and the implementation of an Oracle
enterprise computer system throughout the Company.

         Commenting on Mr. Robertson's promotion, Mr. DeFeo stated, "Terex
currently has 48 manufacturing locations worldwide and spends roughly $4 billion
annually on material purchases from our suppliers worldwide. Historically, Terex
supply chain decisions have been made at the local level on a site by site
basis. This operating structure provided limited opportunity to leverage Terex's
size for the benefit of our customers and shareholders." Mr. DeFeo continued,
"Terex needs to develop a competency in logistics and supply chain management
that transcends individual business units. Local responsibility will be
retained, but we need to overlay a comprehensive effort to reduce cost, improve
quality, simplify our operating system and optimize new product development to
market time. We must take full advantage of this major opportunity."

         "Also important to Terex, we must develop a comprehensive supply chain
strategy from our own Terex companies, as well as our ventures in China, Mexico,
India, the Czech Republic, Hungary and other developing nations," Mr. DeFeo
added. "Colin brings a unique Terex perspective that, with the support of the
entire leadership team, will help make us a better and stronger company."

         Mr. Robertson began his career with managerial positions at Cummins
Engine Company and J.I. Case Co., and has been with Terex for eleven years. In
that time, he has held a number of key leadership positions across the Company,
most recently as President - Terex Construction. He has worked in both Europe
and the United States, and has spent time in the Company's Cranes and Mining
business units, as well as working closely in recent years with Terex's Aerial
Work Platforms business.

         Terex Corporation is a diversified global manufacturer with 2004 net
sales of approximately $5 billion. Terex operates in five business segments:
Terex Construction, Terex Cranes, Terex Aerial Work Platforms, Terex Materials
Processing & Mining, and Terex Roadbuilding, Utility Products and Other. Terex
manufactures a broad range of equipment for use in various industries, including
the construction, infrastructure, quarrying, recycling, surface mining,
shipping, transportation, refining, utility and maintenance industries. Terex
offers a complete line of financial products and services to assist in the
acquisition of Terex equipment through Terex Financial Services. More
information on Terex can be found at www.terex.com.

                                       ###

                                Terex Corporation
           500 Post Road East, Suite 320, Westport, Connecticut 06880
          Telephone: (203) 222-7170, Fax: (203) 222-7976, www.terex.com