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Stock Exchange release

Cargotec to Supply Hatch Covers for 34 Ships

3/9/2006

3/9/2006 1:15 PM|

Stock Exchange Release, March 9, 2006 at 2:15 p.m. Finnish time

Cargotec's MacGREGOR business area providing marine cargo handling solutions has received significant hatch cover orders from shipyards of the Korean Hyundai Group. The hatch covers will be delivered during 2007–2008 for 34 container ships that are under construction for several ship owners. The value of the orders exceeds USD 40 million.

Of the ships 27 will be constructed at the Hyundai Mipo shipyard and 7 at the Hyundai Heavy Industries shipyard. The capacity of the ships ranges from 1,800 TEU to 8,600 TEU. A TEU stands for one 20-foot container.

The hatch covers will be manufactured at MacGREGOR's Chinese partner plants.

Sender:
Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, IR and Communications

For further information, please contact:
Esko Karvonen, General Manager, Container Ships, MacGREGOR, tel. +358 (0)2 4121 314
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 (0)40 7276 766

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