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6/16/2005 2:34 PM|

June 16, 2005

The subscription of Cargotec Corporation's domestic bond has closed. The amount to be issued of the fixed rate notes with a maturity of seven years will be EUR 100 million.

The issue date for the notes is June 21, 2005. The coupon for the bond is 3.80 percent and the issue price is 99.879 percent.

The joint lead managers for the issue were Nordea Markets and SEB Merchant Banking.

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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