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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 Shareholdings

6/30/2005

6/30/2005 12:00 AM|


30 Jun 2005 - Stock Exchange release

June 30, 2005

Prior to the demerger of Kone Corporation into Cargotec Corporation and KONE Corporation, Kone Corporation informed on April 5, 2005 of an ownership reorganization agreed on by Antti Herlin, Ilkka Herlin, Ilona Herlin and Niklas Herlin that would at conclusion bring about changes in the ownership structure of Cargotec Corporation.

Cargotec Corporation has today been informed, as part of the April 5, 2005 reorganization, of the demerger of Security Trading Ltd. becoming effective and of agreements, which result in changes in the ownership structure.

Security Trading Ltd. has on June 29, 2005 demerged into four companies, Security Trading Ltd., Sijoitus-Wipunen Ltd., D-sijoitus Ltd. and Mariatorp Ltd. The companies and their main shareholders have, in accordance with the terms and conditions of the agreement made on April 5, 2005, carried out on June 30 mutual transfers that result in Sijoitus-Wipunen Ltd., D-sijoitus Ltd. and Mariatorp Ltd. becoming the largest shareholders in Cargotec. As a result of the transfers Security Trading Ltd. no longer owns shares in Cargotec.

The entire release with enclosed tables is available in attached pdf file.

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, Security Trading 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