NewsOctober 4, 2022
Caterpillar contact:
Lisa Miller
Global Government & Corporate Affairs
Phone: 309-494-4566
Miller_Lisa_M@cat.com

FOR IMMEDIATE RELEASE

Caterpillar Expands Construction Industries Portfolio withFour Battery Electric Machines
IRVING, Texas – To support customers during the energy transition to a lower-carbon
future, Caterpillar (NYSE: CAT) will display four electric machine prototypes, including battery
prototypes, at bauma 2022 Oct. 24-30 in Munich, Germany.
Caterpillar is focused on delivering purpose-built solutions to help customers achieve
their sustainability goals by geography, by jobsite and specific customer need. One of manysolutions, the battery electric machine prototypes include the 301.9 mini excavator, 320 mediumexcavator, 950 GC medium wheel loader and 906 compact wheel loader. The machines are
powered by Caterpillar battery prototypes and include an onboard AC charger. The company
also plans to offer an offboard DC fast charging option.
“Caterpillar is well positioned to help customers reach their sustainability goals,
including lowering emissions on the jobsite,” said Construction Industries Group President TonyFassino. “It’s important we meet customers on their sustainability journey today with a variety ofsolutions including machines that run on renewable fuels or technology that increases fuelefficiency, as well as supporting them into the future as we power our next generation ofmachines.”(more)
Caterpillar: Confidential Green

-2-The Caterpillar-designed batteries in these machines will also be available to power otherindustrial applications. Built on proven Caterpillar technology, the lithium-ion battery range
features a modular design that offers flexible configurations across multiple applications. The
batteries are engineered to be scalable to industry and customer performance needs andmaximize sustainability throughout their lifecycle, including recycling and reuse at the end oflife.
“Our electrified products leverage our deep system integration experience and aredesigned to meet the performance expectations that customers have come to expect from
Caterpillar,” said Joe Creed, Energy & Transportation Group President. “We’re focused on
helping our customers achieve the optimal product and jobsite energy lifecycle, allowing them tomaximize value and minimize their total cost of operation.”
The 301.9 and 906 are expected to be the first commercially available models.

About Caterpillar
With 2021 sales and revenues of $51.0 billion, Caterpillar Inc. is the world’s leading
manufacturer of construction and mining equipment, off-highway diesel and natural gas engines,
industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping
customers build a better, more sustainable world and are committed and contributing to a
reduced-carbon future. Our innovative products and services, backed by our global dealernetwork, provide exceptional value that helps customers succeed. Caterpillar does business on
every continent, principally operating through three primary segments – Construction Industries,
Resource Industries and Energy & Transportation – and providing financing and related services
through our Financial Products segment. For more information, visit caterpillar.com. To connect
with us on social media, visit caterpillar.com/social-media.

Forward-Looking Statements
Certain statements in this press release relate to future events and expectations and are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as“believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “forecast,” “target,”“guide,” “project,” “intend,” “could,” “should” or other similar words or expressions often identify
forward-looking statements. All statements other than statements of historical fact are forward-looking
statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend
descriptions. These statements do not guarantee future performance and speak only as of the date they are
made, and we do not undertake to update our forward-looking statements.
Caterpillar’s actual results may differ materially from those described or implied in our forward-looking
statements based on a number of factors, including, but not limited to: (i) global and regional economic(more)
Caterpillar: Confidential Green-3conditions and economic conditions in the industries we serve; (ii) commodity price changes, material
price increases, fluctuations in demand for our products or significant shortages of material; (iii)
government monetary or fiscal policies; (iv) political and economic risks, commercial instability andevents beyond our control in the countries in which we operate; (v) international trade policies and theirimpact on demand for our products and our competitive position, including the imposition of new tariffs
or changes in existing tariff rates; (vi) our ability to develop, produce and market quality products thatmeet our customers’ needs; (vii) the impact of the highly competitive environment in which we operate
on our sales and pricing; (viii) information technology security threats and computer crime; (ix) inventorymanagement decisions and sourcing practices of our dealers and our OEM customers; (x) a failure torealize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures ordivestitures; (xi) union disputes or other employee relations issues; (xii) adverse effects of unexpected
events; (xiii) disruptions or volatility in global financial markets limiting our sources of liquidity or theliquidity of our customers, dealers and suppliers; (xiv) failure to maintain our credit ratings and potential
resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity,competitive position and access to capital markets; (xv) our Financial Products segment’s risks associatedwith the financial services industry; (xvi) changes in interest rates or market liquidity conditions; (xvii) an
increase in delinquencies, repossessions or net losses of Cat Financial’s customers; (xviii) currency
fluctuations; (xix) our or Cat Financial’s compliance with financial and other restrictive covenants in debt
agreements; (xx) increased pension plan funding obligations; (xxi) alleged or actual violations of trade oranti-corruption laws and regulations; (xxii) additional tax expense or exposure, including the impact of
U.S. tax reform; (xxiii) significant legal proceedings, claims, lawsuits or government investigations;(xxiv) new regulations or changes in financial services regulations; (xxv) compliance with environmental
laws and regulations; (xxvi) the duration and geographic spread of, business disruptions caused by, andthe overall global economic impact of, the COVID-19 pandemic; and (xxvii) other factors described in
more detail in Caterpillar’s Forms 10-Q, 10-K and other filings with the Securities and Exchange
Commission.

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Caterpillar: Confidential Green