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Press Release

Cargotec Shares Subscribed with Option Rights

26/07/2006

A total number of 36,510 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 4,690 class A option rights and 7,480 class B option rights. The subscriptions increase Cargotec's share capital by 36,510 euros. The share capital increase has been entered in the trade register on July 26, 2006 and trading in the shares together with the old shares will begin on July 27, 2006.
 
Cargotec's share capital after the increase totals 63,996,000 euros. The amount of class B shares after the subscription is 54,469,911 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 July 26, 2006.
 
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 413,010 class B shares remain to be subscribed for with A and B options, which corresponds to a share capital increase of 413,010 euros.
 
Sender:
Cargotec Corporation
 
Kari Heinistö                                                    
Senior Executive Vice President and CFO
 
Eeva Mäkelä
SVP, Investor Relations and Communications
 
For further information, please contact:
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281