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Authorisations

Repurchasing of own shares
The Annual General Meeting on 5 March 2010 authorised the Board of Directors to decide on repurchasing of own shares with non-restricted equity. The shares may be repurchased in order to develop the capital structure of the Company, to finance or carry out possible acquisitions, to implement the Company’s share-based incentive plans, to be transferred for other purposes or to be cancelled. Altogether no more than 6,400,000 own shares may be purchased, of which no more than 952,000 are class A shares and 5,448,000 are class B shares. The above-mentioned amounts include the 2,959,487 class B shares repurchased during 2005–2008 in Company’s possession on the AGM date. The proposed amount corresponds to less than 10 percent of the share capital and the total voting rights in Cargotec. The authorisation shall remain in effect for a period of 18 months from the date of decision of the AGM.

Issuance of treasury shares
The Annual General Meeting on 5 March 2010 also authorised the Board of Directors to decide on issuance of a maximum of 6,400,000 treasury shares, of which no more than 952,000 are class A shares and 5,448,000 are class B shares, in one or more lots. The share issue can be directed and it is to be used to as compensation in acquisitions and in other arrangements, to finance acquisitions or for personnel incentive purposes. The Board of Directors has also the right to decide on the transfer of the shares in public trading in the NASDAQ OMX Helsinki Ltd. according to its rules and regulations. The Board of Directors was authorised to decide on other conditions of the share issue. The authorisation shall remain in effect for a period of 18 months from the date of decision of the AGM.