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6/2/2005 9:58 AM|

June 2, 2005

Cargotec Corporation's Board of Directors has decided to issue a domestic bond. The bond will be issued in the near future subject to market conditions. The nominal value of the fixed interest rate notes will be a maximum of EUR 100 million, and they have a final maturity of seven years. The coupon, yield and final amount will be determined at the expiration of the subscription period based on investor demand. The notes are primarily targeted for Finnish institutional investors.

The joint lead managers for the issue are Nordea Markets and SEB Merchant Banking, Capital Markets. The investors may submit their bids to Nordea Markets, Institutional Sales, tel. +358 9 3695 0880 and SEB Merchant Banking, Capital Markets, tel. +358 9 6162 8560.

An application will be made to list the issue on the Helsinki Stock Exchange.

Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, Investor Relations and Communications

For further information, please contact:
Kari Heinistö, Senior Executive Vice President and CFO, tel. +358 204 55 4256
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281

Cargotec Corporation is the world's leading provider of cargo-handling solutions for ships, ports, terminals and local distribution. Its three business areas, Kalmar, Hiab and MacGREGOR operate in materials hubs. Net sales of Cargotec were approximately EUR 1.9 billion in 2004 and the company has approximately 7,300 employees in over 140 countries. Cargotec's shares are listed on the Helsinki Stock Exchange.

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