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Press Release

Cargotec Shares Subscribed with Option Rights

15/08/2007

A total number of 18,459 new 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. The amount of 2005A and 2005B option rights used for share subscription was 2,575 and 3,578 respectively. The subscriptions increase Cargotec's share capital by EUR 18,459. The share capital increase has been entered in the trade register on August 15, 2007 and trading in the shares together with the old shares will begin on August 16, 2007.
 
Cargotec's share capital after the increase totals EUR 64,137,138. The amount of class B shares after the subscription is 54,611,049 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 August 15, 2007.
 
Each Cargotec option right entitles the holder to subscribe for three Cargotec class B shares. The share subscription price according to the terms of the option program is EUR 8.59 per share. After this share capital increase, a total of 271,872 class B shares remain to be subscribed for with 2005A and 2005B option rights, which corresponds to a share capital increase of EUR 271,872.
 
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 is the world's leading provider of cargo handling solutions whose products are used in the different stages of material flow in ships, ports, terminals, distribution centers and local transportation. Cargotec Corporation's brands, Hiab, Kalmar and MacGREGOR, are market leaders in their fields and well-known among customers all over the world. Cargotec's sales are EUR 2.8 billion. The company employs over 10,000 people and operates in close to 160 countries. Cargotec's class B shares are quoted on the Helsinki Stock Exchange.
 
www.cargotec.com