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Stock Exchange Release

Cargotec receives EUR 37 million order for MacGregor offshore cranes from Hornbeck Offshore Services

5/14/2013

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 14 MAY 2013 AT 10.00 AM  (EEST)

Cargotec's MacGregor has received EUR 37 million order from Hornbeck Offshore Services Inc. to deliver four 250-tonne active heave-compensated (AHC) subsea cranes for four multi-purpose supply vessels (MPSV). The cranes will be delivered between fourth quarter 2014 and third quarter 2015. The order is booked in the second quarter 2013 order intake.

"MPSVs are specialized vessels that are principally used to support complex deepwater subsea construction, installation, maintenance, repair and other sophisticated operations," says Frode Grøvan, Sales and Marketing Director for MacGregor Advanced Load Handling.  "We are pleased  that Hornbeck Offshore opted MacGregor's advanced 250-tonne AHC subsea cranes with operational capability at depths of 3700m suitable for ultra-deepwater operations.

Further information for the press:
Frode Grøvan, Sales and Marketing Director, MacGregor Advanced Load Handling, tel. +47 990 17 782
Heli Malkavaara, Communications Director, MacGregor, tel. +3582 4121 252

Further information for investors:
Paula Liimatta, Director, Investor Relations, 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 brands MacGregor, Kalmar and Hiab 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 3.3 billion in 2012 and it employs approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com