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Press Release

Cargotec Shares Subscribed with Option Rights

03/05/2006

A total number of 38,535 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 4,520 class A option rights and 8,325 class B option rights. The subscriptions increase Cargotec's share capital by 38,535 euros. The share capital increase has been entered in the trade register on May 3, 2006 and trading in the shares together with the old shares will begin on May 4, 2006.
 
Cargotec's share capital after the increase totals 63,959,490 euros. The amount of class B shares after the subscription is 54,433,401 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 May 3, 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 449,520 class B shares remain to be subscribed for with A and B options, which corresponds to a share capital increase of 449,520 euros.