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Trade press release

Cargotec receives MacGregor module handling equipment contract for an offshore vessel

12/5/2012

CARGOTEC CORPORATION, TRADE PRESS RELEASE 5 DECEMBER 2012 AT 10 AM EET

Cargotec has secured a new contract from an international owner for a comprehensive MacGregor module handling equipment package. The equipment is destined for an offshore vessel and is scheduled for delivery next year. It will be designed, manufactured and tested in Kristiansand, Norway, in accordance with Det Norske Veritas (DNV) rules and regulations. The system is designed to operate in harsh offshore conditions.

"Our technology can be used to gain a competitive advantage," says Frode Grovan, Director, Sales and Marketing for Advanced Load Handling. "MacGregor module handling equipment is designed to extend weather windows on board offshore vessels during critical launch and recovery processes. They ensure that these tasks are performed safely and efficiently in challenging environments."

For further information please contact,
Frode Grøvan, Director, Sales and Marketing, Advanced Load Handling, tel. +47 990 17 782
Email: frode.grovan@cargotec.com

or

Heli Malkavaara, Communications Director, MacGregor, tel. +358 2 4121 252
Email: heli.malkavaara@cargotec.com

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 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com

MacGregor is the global market-leading brand in marine cargo handling and offshore load-handling solutions. Customer-driven MacGregor engineering and service solutions for the maritime transportation industry andthe offshore load-handling and naval logistics markets are used on board merchant ships, offshore support vessels, and inports and terminals.