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Trade press release

MacGREGOR Plimsoll deck machinery ordered for five more Japanese anchor-handlers

10/3/2007

MacGREGOR signs offshore orders worth approximately euros 60 million

During August and September, MacGREGOR new Offshore division won orders totalling approximately euros 60 million for equipment to be delivered during 2008-2010Significant offshore equipment orders recently signed by the MacGREGOR Group Offshore division part of the Cargotec Corporation include the single biggest order in the history of the newly acquired Norwegian company Hydramarine AS. This is for six cranes for two 130m Vik Sandvik VS4220 offshore construction barges being built at Davie Yards in Canada for Norwegian independent subsea installation contractor Cecon. MacGREGOR order comprises: two knuckle-boom offshore cranes with Active Heave Compensation (AHC) systems; two knuckle-boom offshore/subsea cranes; and two deck cranes. The cranes will be manufactured by Hydramarine AS in Kristiansand, Norway, and delivery is planned for 2009. The value of this order is approximately euros 15 million.

Another major order came from Nam Cheong Dockyard in East Malaysia, specifying four shipsets of MacGREGOR Plimsoll deck machinery for offshore accommodation work barges and four shipsets of deck machinery for offshore maintenance work vessels. The value of this order is approximately euros 8 million and the equipment will be manufactured in Asia by MacGREGOR Plimsoll and is planned to be delivered in 2008/2009.

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For further information, please contact:
Henrik Vildenfeldt, General Manager, Offshore division, MacGREGOR (DNK) A/S
Tel: +45 44 544 747 Fax: +45 44 538 410
E-mail: henrik.vildenfeldt@macgregor-group.com

or

MacGREGOR Group press office:
Mr Steve Labdon, MacGREGOR Group Media Representative
Tel: +44 (0)20 8370 1740 Fax: +44 (0)20 8364 1331
E-mail: steve.labdon@j-l-a.com