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Press Release

Share Subscriptions with Cargotec Series A and B Option Rights in 2007

12/19/2006

Cargotec option rights were granted as part of the demerged Kone Corporation's year 2004 option program. In 2007, shares can be subscribed with the option rights according to the following time schedule within the period from January 2 to November 30:
 
 
Cargotec's Board of Directors does not handle the share subscriptions between the end of the financial period 2007 and the Annual General Meeting of 2008. Trading in the shares subscribed with the option rights will begin on the following stock exchange day after the trade register entry.
 
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 is 8.59 euros per share. Share subscription period with series A option rights ends on March 31, 2008 and with series B option rights on March 31, 2009.
 
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
 
Cargotec Corporation is the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company employs some 8,000 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.
 
www.cargotec.com