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Share buybacks

Cargotec currently holds 2,959,487 class B shares.

Cargotec’s Board of Directors has decided to exercise the authorisation of the Annual General Meeting on 5 March 2010 to repurchase the Company’s own shares. The repurchases will start on 22 March 2010 at the earliest.

The maximum amount of own shares to be acquired will be less than 10 percent of the Company’s share capital and total voting rights. This corresponds to a maximum of 6,400,000 shares so that a maximum of 952,000 class A shares and 5,448,000 class B shares may be repurchased.

In accordance with the authorisation, the shares will be acquired 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.

Class B shares will be purchased at public trading in the NASDAQ OMX Helsinki Ltd. at the market price. Class A shares will be purchased outside the Stock Exchange at the price equivalent to the average price of class B shares paid in the NASDAQ OMX Helsinki Ltd. on the purchase date.

History of share repurchases and number of treasury shares

	2009	2008	2007	2006	2005
Authorisation, number of shares	6,400,000	6,400,000	6,400,000	6,391,000	6,367,000
Authorisation, % of shares	10	10	10	10	10
Number of shares repurchased		1,086,000	1,200,000	501,025	203,700
Cost of repurchases, EUR		23,598,568	46,118,304	18,844,724	5,010,491
Allocated or cancelled own shares, number of shares	31,238
Treasury shares, number of shares	2,959,487	2,990,725	1,904,725	704,725	203,700

The table is updated weekly when shares are repurchased. Real-time information about the share repurchases is available on the website of NASDAQ OMX Helsinki Ltd.

On 5 March 2009, the Board of Directors decided on a directed bonus issue of 31,356 class B shares owned by the Company to the 61 participants of the Company's share-based incentive programme as reward payment for the earnings period 2007-2008. A total of 118 class B shares were returned to the Company, entitling a directed bonus issue of 31,238 class B shares. Subsequent to this bonus issue, Cargotec holds a total of 2,959,487 Company’s own class B shares.