Cargotec receives EUR 20 million order for MacGregor electric-driven cranes

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 7 JULY 2010 AT 2 PM (EEST)

Six open-hatch cargo ships ordered by Grieg Shipping will feature a total of 24 MacGregor variable frequency drive cranes; the order is worth EUR 20 million and was booked into the second quarter 2010 order intake.

Cargotec has signed a contract to deliver six shipsets of environmentally-friendly variable frequency drive (VDF) MacGregor cargo cranes to Grieg Shipping's new 48,700 dwt open-hatch general cargo ship series. The ships will be built at Hyundai Mipo Dockyard in South Korea for the Norwegian shipping group. The cranes are planned for delivery from 2012 until 2013.

"We work closely together with our customers which enables us to introduce innovations that improve the safety, efficiency and sustainability of their operations", says Per-Erik Nilsson from Cargotec. "The MacGregor electric crane series inherits the best characteristics of proven designs, but also combines improved operability with a low environmental impact".

Further information for the press:
Per-Erik Nilsson, Sales and Marketing Director, Cranes, tel: +46 660 29 40 21
Email: per-erik.nilsson@cargotec.com

Further information for investors:
Paula Liimatta, Investor Relations Manager, tel. +358 204 55 4634

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totaled EUR 2.6 billion in 2009 and it employs approximately 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com