CARGOTEC CORPORATION, PRESS RELEASE, 2 SEPTEMBER 2010 AT 10 AM EEST

Cargotec has signed a contract to deliver MacGregor hatch covers for six 48,700 dwt open-hatch cargo ships ordered by Norwegian shipowner Grieg Shipping. The ships will be built at Hyundai Mipo Dockyard in South Korea. The order is booked into the third quarter 2010 order intake.

Hatch covers will be fabricated at Cargotec's partner plant in China and they are planned for delivery 2012 until 2013.

This order is an addition to the earlier announced contract for a total of 24 environmentally-friendly variable frequency drive (VFD) MacGregor cargo cranes for the same newbuildings.

"The cargo handling design was created in close co-operation with the owner and Cargotec's cranes and dry cargo business lines. The result is a completely new integrated cargo handling equipment arrangement which is more versatile enabling the transportation of a wider range of project cargoes," says Ari Viitanen Cargotec's sales director for dry cargo ships.

Further information for the press:
Ari Viitanen, Sales Director, Dry Cargo tel. +358 2 4121 242
Email: ari.viitanen@cargotec.com

Anne Westersund, Vice President Communications and Marketing, tel. +358 20 455 4460

Further information for investors:
Paula Liimatta, Investor Relations Manager, tel. +358 20 455 4634

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 2.6 billion in 2009 and it employs approximately 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com