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IronPlanet Appoints Chad Groves to Managing Director of IronPlanet Australia

PLEASANTON, Calif. — May 6, 2009 — IronPlanet® (www.ironplanet.com), the world’s leading online auction company for used construction and agricultural equipment, recently appointed Chad Groves to the position of Managing Director of IronPlanet Australia. Groves will be responsible for the continued growth of IronPlanet’s business in the Australian marketplace.

“We are excited to have Chad lead our Australia business initiatives and to work closely with our existing team in broadening our business with our customers in Australia, New Zealand and Southeast Asia,” said Jeff Jeter, IronPlanet Senior Vice President for International and New Business. “Customers connect with Chad and his passion for IronPlanet and our ability to deliver more profitable sales through lower transaction costs and better price realizations. The Australian market along with our European and North American operations gives IronPlanet a true global Internet marketplace to sell used equipment.”

Prior to this recent appointment, Groves was in territory sales for IronPlanet where he managed IronPlanet’s business in Maryland, Delaware, District of Columbia, and Northern Virginia. Earlier in his career, Groves worked for Komatsu Financial as well as Ring Power Corporation.

“IronPlanet’s business model and online marketplace for buying and selling used equipment has tremendous benefits for our sellers and buyers in the Australian market,” said Groves. “I have been encouraged to date with our customers’ recognition of the value IronPlanet delivers and their participation in our Australia auctions.”

Graeme McPherson has resigned his post as Managing Director of IronPlanet Australia to pursue other interests, but will remain a Director on IronPlanet’s Australian Board of Directors.

“We would like to thank Graeme for his diligence and efforts in starting IronPlanet’s operation in Australia,” said Gregory J. Owens, Chairman and CEO of IronPlanet. “Through Graeme’s efforts we have been able to extend the IronPlanet brand on a worldwide basis.”

About IronPlanet
IronPlanet is the world’s leading online auction company for used construction and agricultural equipment. Our sellers achieve more profitable sales through low transaction costs and better price realizations through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.