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Stock Exchange Release

Cargotec Appoints Kirsi Nuotto as SVP, Human Resources

10/10/2006

10/10/2006 9:11 AM|

Stock Exchange Release, October 10, 2006 at 9.30 a.m. Finnish time

Cargotec has appointed Kirsi Nuotto (47) as Senior Vice President, Human Resources and member of the Executive Board. She will be responsible for corporate global human resources strategy and development.

Kirsi Nuotto, M.A., is currently Human Resources and Customer Education Director at GlaxoSmithKline Finland. She has worked for GlaxoSmithKline since 2001.

"A successful implementation of our growth strategy will require a stronger focus on personnel. Kirsi Nuotto's experience in human resources development as well as design and implementation of human resources processes in a global environment strengthens our knowledge base", states Cargotec's President and CEO Mikael Mäkinen.

The appointment takes effect on November 20, 2006. The photo and CV of Kirsi Nuotto are available on Cargotec's web pages at www.cargotec.com.

Sender:
Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, IR and Communications

For further information, please contact:
Mikael Mäkinen, President and CEO, tel. +358 204 55 4243
Eeva Mäkelä, SVP IR and Communications, tel. +358 204 55 4281

Cargotec Corporation is the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company employs some 8,000 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.

www.cargotec.com