New Merlo 2015 range MERLO AT EIMA 2014 MERLO PRESENTS THE NEW AND COMPLETELY UPGRADED RANGE SAFETY

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1 MERLO AT EIMA 2014 MERLO PRESENTS THE NEW AND COMPLETELY UPGRADED RANGE The Merlo Group is attending EIMA 2014 (Hall 36, Stand C10) with innovations across the entire range that further enhance the level of technological and performance content of its products. The new agricultural range launches a very clear message on the market: safety, comfort and lower consumption - as ever, the fundamental values of Merlo products - will be even closer to the heart of the offering by the Italian company leading technology in lifting and logistics applications. All models in the range have been redesigned to enhance performances involving key values such as safety, comfort and lower consumption. Many technologies exclusive to Merlo have been introduced by the company in three spheres. New Merlo 2015 range SAFETY Merlo CDC System: (Dynamic Load Control) Suspended cab CS: a unique and patented Merlo solution Merlo EPD system: 18% reduction in consumption The Merlo Group has always considered safety one of its cardinal points in the development of its vehicles. Since the 1990s, The Merlo Group has offered systems ensuring front longitudinal safety that also involve blocking of aggravating movements. Every year, the Group invests approx. 8% of its turnover in R&D in order to develop new patented and exclusive features. The share of the R&D budget dedicated to innovative safety devices has increased year after year, leading to the introduction of increasingly sophisticated safety systems, which by now have become the industry benchmark. Today, the most advanced technology in the safety field is represented by Merlo CDC (dynamic load control). this device goes far beyond the requirements of the EN15000 standard by not merely ensuring front longitudinal stability of the Merlo telehandler while handling loads, in static and dynamic situations alike, but by integrating this function with attachment recognition and an indicator of the load being handled. Thanks to these innovative features, M CDC has introduced a new safety concept for telehandlers, since it assesses the operational safety of the machine-attachment complex in overall terms.

2 Merlo Dynamic Load Control 1. with equipment in use 2. Work area 3. Load positioning (in work area) 4. Load detection menu 5. Operating parameters 6. Work information 7. Stability index The operating principle is based on the fact that every telehandler works using various kinds of attachment, each of which has specific and different features (weight, capacity, centre of gravity ) which may significantly affect the machine's load chart and consequently its safety during use. For this reason, the Merlo Group was the first to introduce the concept of "machine-attachment combination" and included it into its patented M CDC safety system. The M CDC system is equipped with an automatic attachment recognition system so that machine safety can always be adapted to the tool effectively being used. Automatic attachment recognition Sensor on the attachment Sensor on the carriage This information, together with data collected by various sensors monitoring stability, boom geometry and the weight of the load being handled, makes it possible to provide the operator with a correct load chart. This continual feedback not only communicates vehicle stability information but also provides additional data such as weight. This function then integrates on the control panel screen displays of images from optional tele-cameras. To date, the M CDC is the most advanced operational safety management system on our reference market.

3 COMFORT 6 Largest cab in the category 1. Merlo CDC - Dynamic Load Control: the patented Merlo safety system that provides new standards of safety. 2. New Joystick with reverse shuttle (duplicated on steering wheel): ergonomic and easy to use. 3. New display makes it possible to display a great deal of useful information for the operator. 4. New air conditioning system in line with automotive standards for fast and effective heating/cooling. 5. Inching-Control: the dedicated pedal provides calibrated movements of the machine. 6. Curved windscreen: maximum visibility and safety in work at height. 7. Differential lock. 8. Drawer The second pillar in Merlo developments is enhanced comfort. Improving operator comfort does not only mean improving productivity but also helps prevent occupational illnesses. This is why the Group has finalised the largest cab in its category, which is now also available with the brand new air conditioning system which helps cut warm-up and cool-down times by half TYPE OF TEST EXTERNAL TEMPERA- TURE ( C) HUMIDITY (%) INTERNAL TEMPERA- TURE ( C) ENGINES REVS (g/min) DIFFERENTIAL ( C) COOLING HEATING

4 Merlo also offers for its models (the only telehandler builder in the world to do so) the possibility of having a suspended cab, using a patented system. In this way, Merlo Group telehandlers achieve a record-setting comfort level so that the operator can work for several hours consecutively (image: suspended cab). The Merlo offering dedicated to Comfort is completed by the BSS boom suspension system that reduces load losses during transfers on bumpy ground and a broad selection of seats also equipped with air-operated suspension and longitudinal stress absorption. Hydro pneumatic suspended cab which can be activated by the operator. The only one of its kind on the market. CONSUMPTION BSS hydro pneumatic suspension of the boom (optional), which can be activated by the operator, automatically deactivates under 3 km/h to ensure maximum precision in the positioning of the loads. Pneumatic seat for improved comfort. Efficiency has never been as important as it is today and Merlo currently offer a completely upgraded agricultural range that is environment-friendly thanks to Tier 3B - 4 Interim engines, while also launching a new management system for the Merlo hydrostatic transmission named EPD (Eco Power Drive) capable of reducing consumption (and therefore also CO 2 emissions) by 18%. The EPD system also integrates diesel engine rpm management into the hydrostatic transmission management system. The acquisition of machine operating data makes it possible to calculate the power needed, at any given time, to meet the operator's request for speed or torque (using the accelerator pedal). Reduction in consumption Merlo CVTronic technology + EPD % -18% 82% Mixed cycle (l/h) Traditional technology CVTronic+EPD

5 Engine rpm varies automatically in relation to the torque on the wheels and the transfer speed consequently increases. Upon reaching the desired speed and without changing the torque on the wheels, the speed of the diesel engine automatically sets to the minimum value sufficient to deliver the required power in that configuration. The diesel engine rpm can be programmed exclusively through the dedicated setting potentiometer. The engine rpm selected using the potentiometer is held regardless of ground conditions and driving speed. The purpose is to provide any attachments fitted or towed with high hydraulic drive power (high rpm engine) with very slow forward movement (for example, when driving over fields towing a muck spreader). The basic advantages of the EPD system are joined in the Plus version by: - The Speed -Control function acting in the same way as automotive Cruise-Control; the operator, having reached the desired transfer speed, selects to maintain this speed by pressing the Speed -Control, fully releasing the accelerator. Disengaging the speed control is immediate by pressing the brake pedal or the Speed-Control button. - The ECO function that limits maximum diesel engine output to 1800 rpm. In this way, the maximum power is limited and in all movements for which a lot of power is not required, consumption, noise emissions and pollutants are reduced accordingly. The Eco mode is especially advantageous in depot handling operations. EPD Top also adds another function, i.e. the self-accelerating Joystick. This device is unique in the telehandler world: it integrates the electronic joystick and automatically increase diesel engine rpm in order to maximise boom movement speed. Thanks to the EPD, even if the diesel engine rpm increases, forward speed does not change and it is possible to increase productivity safely, efficiently and automatically.

6 These are the Merlo innovations displayed on the STAND TF and MF Heavy Duty Modular Range TF45.11 (on the Merlo stand), TF50.8, MF40.9 (on the Merlo stand) and MF World preview for the brand new TF exhibited on the stand in the version with CS, CVTronic and 156 HP. This is the flagship in the Turbofarmer range - a machine designed for truly heavy duty applications. It provides the very best of Merlo technologies for: - Safety - MCDC as standard, rops and fops level 2 type-approved cab - Comfort - Cab Suspension CS and the largest cab as standard in its category - Reduced consumption - EPD Top as standard This content is joined by incomparable versatility thanks to the rear mechanical power take-off, the possibility of being type-approved as an agricultural tractor for towing up to 20 tonnes and the new CVTronic gearbox. The Turbofarmer Heavy Duty family has 2 models TF45.11 and TF50.8 developed over 4 versions and capable of meeting the needs of even the most demanding clients. This range is also joined by the new MF Heavy Duty models. This is the new generation of Merlo Telehandler Tractors, the top performing Multifarmer version. Compared to Turbofarmer models, they offer even better versatility thanks to the rear 3-point linkage which means they can even work with towed attachments. engine Cab Hydraulic Chassis Transmission Safety Model Tier 3 Tier 4 Interim Steady Suspended Gears Load Sensing Fixed Tilting Tilting + Translation 2 speeds Continuous variation M CVTronic SPEED CDC cdc light NO CDC TF 50.8 T X X X X 40 X TF 50.8 T CS 156 CVTRONIC 156 X X X X 40 X TF T X X X X 40 X TF T CS 156 CVTRONIC 156 X X X X 40 X TF 40.9 T CS 156 CVTRONIC 156 X X X X 40 X TF 40.7 T CS 156 CVTRONIC 156 X X X X 40 X

7 TF Medium Duty Modular Range The Merlo Group is also exhibiting the new TF Medium Duty range on sale for only a couple of months. They are the new TF 38.7, TF38.10 and TF42.7 models targeting the heart of the Market and, thanks to the new Modular approach, rank as landmarks for safety, comfort and consumption. The entire range will be equipped as standard with CDC, the largest cab in the category, and EPD, safety, comfort and efficiency are consequently ensured as standard for everyone. - Safety - MCDC as standard, rops and fops level 2 type-approved cab - Comfort - dedicated versions with suspended Cab and BSS options, as well as the possibility of selecting an operator's seat best suited to personal requirements - Productivity - CVTronic and mechanical PTO - Reduced consumption - EPD Top as standard engine Cab Hydraulic Chassis Transmission Safety Model Tier 3 Tier 4 Interim Steady Suspended Gears Load Sensing Fixed Tilting Tilting + Translation 2 speeds Continuous variation M CVTronic SPEED CDC cdc light NO CDC TF (G) 120 X X X X 40 X TF (G) 120 X X X X 40 X TF X X X X 40 X TF X X X X 40 X TF38.7 CS X X X X 40 X TF38.10 CS X X X X 40 X TF CVTronic 120 X X X X 40 X TF CVTronic 120 X X X X 40 X TF38.7 CS-120-CVTronic 120 X X X X 40 X TF38.10 CS-120-CVTronic 120 X X X X 40 X TF X X X X 40 X TF X X X X 40 X TF42.7 CS X X X X 40 X TF38.10 CS X X X X 40 X TF42.7 CS-156-CVTronic 156 X X X X 40 X TF38.10 CS-156-CVTronic 156 X X X X 40 X TF38.7 TT X X X X 40 X TF38.10 TT X X X X 40 X TF38.7 TT CS X X X X 40 X TF38.10 TT CS X X X X 40 X TF38.7 TT CS-120 CVTronic 120 X X X X 40 X TF38.10 TT CS-120 CVTronic 120 X X X X 40 X TF42.7 TT CS-156-CVTronic 156 X X X X 40 X TF38.10 TT CS-156-CVTronic 156 X X X X 40 X

8 Super-compact range The new 25.6 models have been completely reviewed in terms of performances thanks to the inclusion of an oversized hydrostatic engine that ensures even further performance improvements. Speed improves to 40Km/h (best in category), accelerations from 0 to 40 are smooth and fluid thanks to the continuous gearbox. The 25.6 is also equipped as standard with the largest cab in its category, ensuring maximum comfort even with compact machines. The 25.6 is also the only telehandler in its category to be type-approved as an agricultural tractor and can tow loads of up to 9 tonnes. - The cab is the largest in its category - 40 km/h: unique in its category! - Type-approval as an agricultural tractor unique in its category! - Continuous gearbox from 0 to 40 km/h without interrupting torque - Oversized hydrostatic engine: +10% torque at low speed - Version L available with lowered cab engine Cab Hydraulic Chassis Transmission Safety Model Tier 3 Tier 4 Interim Steady Suspended Gears Load Sensing Fixed Tilting Tilting + Translation 2 speeds Continuous variation M CVTronic SPEED CDC cdc light NO CDC P X X 40 X P25.6 L 75 X X 40 X

9 Compact range New Compact range and 28.8 with new Tier 4 Interim engine, new oversized hydraulics and, as of today, also available with a Flow-sharing distributor. - New Tier 4 Interim engine HP - New oversized hydraulic pump - Flow-Sharing option - L versions with lowered cab engine Cab Hydraulic Chassis Transmission Safety Model Tier 3 Tier 4 Interim Steady Suspended Gears Load Sensing Fixed Tilting Tilting + Translation 2 speeds Continuous variation M CVTronic SPEED CDC cdc light NO CDC P32.6 LPLus 101 X X 40 X P32.6 Plus 101 X X 40 X P32.6 Top 101 X X 40 X P28.8 LPLus 101 X X 40 X P28.8 Plus 101 X X 40 X P28.8 Top 101 X X 40 X

10 Professional CS Range The Professional series presents the new 156 HP Tier 4 Interim engine, new oversized service hydraulics and the M CDC safety system as standard. This family of models also comes with CS (Comfort) and EPD (Consumption) as standard. - Merlo CDC as standard - CS suspended cab as standard - EPD as standard - New oversized hydraulic pump - Flow-sharing as standard - New Tier Interim engine 4.1 litres x 156 HP engine Cab Hydraulic Chassis Transmission Safety Model Tier 3 Tier 4 Interim Steady Suspended Gears Load Sensing Fixed Tilting Tilting + Translation 2 speeds Continuous variation M CVTronic SPEED CDC cdc light NO CDC P55.9 CS 156 X X X X 40 X P60.9 CS 156 X X X X 40 X P75.9 CS 156 X X X X 40 X

11 High Capacity Range The models in the High Capacity range are equipped with the M CVTronic engine as standard, CDC as standard, and regeneration system - Merlo CDC as standard - Automatic regeneration - EPD as standard - Flow-sharing as standard - New Tier 4 Interim engine 4.5 litres x 175 HP - M CVTronic as standard engine Cab Hydraulic Chassis Transmission Safety Model Tier 3 Tier 4 Interim Steady Suspended Gears Load Sensing Fixed Tilting Tilting + Translation 2 speeds Continuous variation M CVTronic SPEED CDC cdc light NO CDC P50.18HM 175 X X X X 40 X P65.14HM 175 X X X X 40 X P120.10HM 175 X X X X 40 X

12 New Cingos with Gear motors Merlo presents its new Cingo series multi-purpose trached carriers equipped with gear motors. The models displayed during the Show are: M 12.3, M 8.4, M 500 and Cingo Remote control DATI TECNICI CINGO M12.3 PLUS CINGO M8.3 PLUS CINGO M500 Machine weight (kg) Capacity (kg) Engine D722 Kubota diesel Z482 Kubota diesel GX200 Honda benzina Engine Power (HP/kW) 21/ rpm 17/ rpm 5,5/ rpm Maximum speed (km/h) 4,5 5,2 3,5 Diesel fuel tank (l) ,1 Battery (V/Ah) 12/44 12/44 - Hydraulic pump (cc) Services pump (cc) base configuration Max system operating pressure (bar) Max. system capacity (l/min) Width (mm) Length (mm) Height (mm) Cingo M12.3PLUS Cingo M500

13 Tre Emme tool carrier tractors The Merlo stand will also present TreEmme tool carrier tractors - the perfect solution for everyone seeking superior performances at the same time as full and complete control of the tool. The lateral telescopic boom, built entirely inhouse, ensures access even to the steepest slopes or higher vegetation, while always guaranteeing total control over operating situations. DATI TECNICI MM 150 VR MM 160 MC Machine weight (kg) Engine Power (HP/kW) 153/ /115 Maximum speed (km/h) Serbatoio diesel (l) Diesel fuel tank (l) AD blue tank (l) - 18 Hydraulic system Load Sensing Load Sensing Max system operating pressure (bar) Battery (Ah) Width (mm) Length (mm) Height (mm) MM 150 VR MM 160 MC