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Stock Exchange Release

Notification in accordance with Section 2, Sub-section 9 of the Securities Market Act concerning a Change in Cargotec Shareholding

7/1/2005

7/1/2005 9:55 AM|

July 1, 2005

Cargotec Corporation has today been notified in accordance with Section 2, Sub-section 9 of the Securities Market Act of a decrease in Antti Herlin's ownership in Cargotec. Holding Manutas Ltd., a company in which he exercises controlling power, has according to the notification as part of the ownership reorganization sold its shareholding in Cargotec. As disclosed yesterday the new Security Trading Ltd., in which Antti Herlin also exercises controlling power and which was born through the June 29, 2005 demerger of Security Trading Ltd., no longer owns shares in Cargotec. As a result, the total shareholding of Antti Herlin and his under-aged children in Cargotec has decreased from 31.11 percent to 0.3 percent of shares and from 66.37 percent to 0.13 percent of votes.

Sender:
Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, Investor Relations and Communications

For further information, please contact:
Tapio Hakakari, Managing Director, Holding Manutas Ltd., tel. +358 400 408 316

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.

www.cargotec.com