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Press Release

Cargotec Shares Subscribed with Option Rights

05/09/2005

A total number of 28,650 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 7,100 class B option rights and 2,450 class A option rights. The subscriptions increase Cargotec's share capital by 28,650 euros. The share capital increase has been entered in the trade register on September 5, 2005 and trading in the shares together with the old shares will begin on September 6, 2005.
 
Cargotec's share capital after the increase totals 63,800,565 euros. The amount of class B shares after the subscription is 54,274,476 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 September 5, 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 608,445 class B shares remain to be subscribed for with A and B options, which corresponds to a share capital increase of 608,445 euros.
 
 
Sender:
Cargotec Corporation
 
 
For further information, please contact:
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 40 727 6766
 
Cargotec Corporation is the world's leading provider of cargo-handling solutions for ships, ports, terminals and local distribution. Its three business areas, Kalmar, Hiab and MacGREGOR operate in materials hubs. Net sales of Cargotec were approximately EUR 1.9 billion in 2004. The company has approximately 7,300 employees and operates in over 140 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.