JLG Industries Files Shelf Registration Statement

MCCONNELLSBURG, Pa.--Nov. 2, 20036, 2003--JLG Industries, Inc. today announced the filing of a Form S-3 shelf registration statement with the Securities and Exchange Commission. When effective, the shelf registration will position the Company for the possible future offer and sale, from time to time, of its common stock, preferred stock, debt securities and/or warrants, with an aggregate public offering price up to $125 million.

"The shelf registration allows us to streamline the process of offering certain securities and gives us additional flexibility in accessing capital markets when market conditions are favorable or financing needs arise in order to support our anticipated growth," commented Jim Woodward, Executive Vice President and Chief Financial Officer. "Unless otherwise specified in a particular offering, net proceeds of a future securities sale will be used for general corporate purposes, which could include capital expenditures, possible acquisitions, investments, repurchase or repayment of outstanding debt or other purposes."

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

JLG Industries, Inc. is the world's leading producer of access equipment and highway-speed telescopic hydraulic excavators. The Company's diverse product portfolio encompasses leading brands such as JLG(R) aerial work platforms; JLG, Sky Trak(R), Lull(R) and Gradall(R) telehandlers; Gradall excavators; and an array of complementary accessories that increase the versatility and efficiency of these products for end users. JLG markets its products and services through a multi-channel approach that includes a highly trained sales force, marketing, the Internet, integrated supply programs and a network of distributors. In addition, JLG offers world-class after-sales service and support for its customers in the industrial, commercial, institutional and construction markets. JLG's manufacturing facilities are located in the United States and Belgium, with sales and service locations on six continents.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance, and involve a number of risks and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, the following: (i) general economic and market conditions, including political and economic uncertainty in areas of the world where we do business; (ii) varying and seasonal levels of demand for our products and services; (iii) limitations on customer access to credit for purchases; (iv) credit risks from our financing of customer purchases; (v) interest and foreign currency exchange rates; and (vi) costs of raw materials and energy, as well as other risks as detailed in the Company's SEC reports, including the report on Form 10-K for the year ended July 31, 2003.

For more information, visit www.jlg.com.