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Stock Exchange Release

Cargotec receives large straddle carrier order from Patrick Stevedores in Australia

3/29/2012

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 29 MARCH 2012 AT 11.00 A.M. (EEST)

Cargotec has received a large order to supply 22 Kalmar straddle carriers to Australia's leading container handling operator Patrick container terminals. Twelve of the straddle carriers will be delivered to Patrick's East Swanson Dock in Melbourne between July and December 2012 and a further ten to Patrick's Port Botany Terminal in Sydney between May and September 2012. Patrick and Cargotec have decided not to disclose the value of the order.

Cargotec's Australian team will provide maintenance support to the equipment with spare parts supplied direct from its regional parts warehouse in Melbourne.

This latest order of 50-tonne capacity ESC 350W straddle carrier models continues a longstanding partnership between the two companies. Cargotec's team in Australia has provided over 120 Kalmar straddle carriers to Patrick container terminals over a period of 28 years. In total there are currently 108 units in operation across Patrick's sites in Brisbane, Sydney and Melbourne which combine to handle approximately 3.5 million TEUs per year.

Systems based on Kalmar straddle carriers such as the ESC 350W represent the fastest options for medium-size terminals handling between 100,000 and 4,000,000 TEU. Kalmar straddle carrier's 7+ generation models combine high performance and productivity with low maintenance and operating costs. Designed with operators in mind, they deliver strong environmental benefits which can be further enhanced with hybrid operation and can provide users with industry leading automation options - as demonstrated at Patrick's state of the art Brisbane terminal where 27 fully automated Kalmar EDRIVE straddle carrier variants operate.

More information for the press:
Peter McLean, Vice President, Australia, tel. +61 0 (3) 9234 7000
Anne Westersund, Vice President Communications and Marketing, tel: + 358 20 777 4460

More information for the investors:
Paula Liimatta, Investor Relations Director, tel. +358 20 777 4084

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 totalled EUR 3.1 billion in 2011 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com