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Stock Exchange Release

Cargotec Receives Straddle Carrier Order from Jamaica

3/31/2006

3/31/2006 9:07 AM|

Stock Exchange Release, March 31, 2006 at 9:15 a.m.

Kalmar, the business area providing container handling solutions within Cargotec, has received an order for 24 straddle carriers from the Port Authority of Jamaica (PAJ). The order also includes six empty container handlers. The deliveries to Kingston Container Terminal will start in April and continue until July 2006.

The Kingston Container Terminal handles approximately one million TEU yearly (TEU is a 20 ft container). The annual volume growth of containers handled in the terminal has averaged 10 percent. The 4-high straddle carriers ordered to the terminal enable efficient usage of the terminal area. Kalmar and PAJ have worked in cooperation since 1986.

Unit prices for straddle carriers vary between EUR 700,000 - 900,000.

Sender:
Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, IR and Communications

For further information, please contact:
Christer Granskog, President, Kalmar, tel. +358 204 55 4776
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 (0)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 7,500 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.

www.cargotec.com