IN THIS REPORT:                                         REPORT OVERVIEW:

JCB OVERVIEW

EXECUTIVE SUMMARY

OPERATING RESULTS

   Sales Analysis
   Manufacturing
   Marketing and Distribution
   Corporate Structure
   Corporate Leadership

JCB'S CORPORATE STRATEGY

PRODUCT ANALYSIS


   North American Machinery Sales
   North American Machinery Production

Heavy Equipment

   Articulated Haulers (Dump Trucks)
   Backhoe Loaders
   Hydraulic Excavators
   Rough Terrain Lift Trucks
   Wheel Loaders

Compact Equipment

   Compact Track Loaders
   Mini Excavators
   Skid Steer Loaders
   Agricultural Equipment
   Farm Tractors
   Diesel Engine Business

JCB is the world's largest privately-owned manufacturer of construction equipment, and remains one of the larger players in today's global market. Today JCB produces over 278 different models of machinery on four continents. The company sells a full range of equipment through 550 dealers and has more than 1,000 locations worldwide. JCB has been selling backhoe loaders in North America for several decades and telehandlers for more than 10 years.