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Press release

Cargotec Shares Subscribed with Option Rights

28/10/2005

A total number of 78,915 class B shares have been subscribed with Cargotec option rights that were granted as part of the demerged Kone Corporation's year 2004 option program. Shares were subscribed with 17,330 class B option rights and 8,975 class A option rights. The subscriptions increase Cargotec's share capital by 78,915 euros. The share capital increase has been entered in the trade register on October 28, 2005 and trading in the shares together with the old shares will begin on October 31, 2005.
 
Cargotec's share capital after the increase totals 63,879,480 euros. The amount of class B shares after the subscription is 54,353,391 shares. The number of class A shares remains unchanged at 9,526,089 shares. The new shares will entitle to all shareholder rights from the registration date October 28, 2005.
 
Each Cargotec option right entitles the holder to subscribe for three (3) Cargotec class B shares. The share subscription price according to the terms of the option program was 8.59 euros per share. After this share capital increase, a total of 529,530 class B shares remain to be subscribed for with A and B options, which corresponds to a share capital increase of 529,530 euros.