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Press release

Cargotec to Supply Ship Cranes to Hyundai Mipo Dockyard

7/1/2005

Cargotec's MacGREGOR business area providing marine cargo handling solutions has
received a significant order for container handling ship cranes from the Korean
shipyard Hyundai Mipo Dockyard Co Ltd. The order is the largest crane order in
MacGREGOR's history. The cranes are part of a delivery of 20 container vessels
with capacity of 1,800 TEU to the German ship owner OFFEN. Delivery of the
cranes will take place in 2007-2008. The value of the order is approximately USD
30 million.
Hyundai Mipo Dockyard is a part of Korean Hyundai Corporation, and it is one of
the major players within shipbuilding globally.