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Press Release

Cargotec Shares Subscribed with Option Rights

10/28/2008

A total number of 27,060 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 2005B option rights used for share subscription was 9,020. The subscriptions increase Cargotec's share capital by EUR 27,060. The share capital increase has been entered in the trade register on October 28, 2008 and trading in the shares together with the old shares will begin on October 29, 2008.
 
Cargotec's share capital after the increase totals EUR 64,299,180. The amount of class B shares after the subscription is 54,773,091 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 October 28, 2008.
 
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. The share subscription period with 2005B option rights lasts until March 31, 2009 and 109,830 shares remain to be subscribed for with them.
 
Sender:
Cargotec Corporation
 
Eeva Sipilä
CFO
 
For further information, please contact:
Ulla Silvonen, Legal Assistant, tel. +358 204 55 4367
 
Cargotec improves the efficiency of cargo flows by offering handling systems and the related services for the loading and unloading of goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global market leaders in their fields and their solutions are used on land and at sea - wherever cargo is on the move. Extensive services close to customers ensure the continuous usability of equipment. Cargotec is the technology leader in its field, its R&D focusing on innovative solutions that take environmental considerations into account. Cargotec's sales exceed EUR 3 billion and the company employs approximately 12,000 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki.
www.cargotec.com