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Stock Exchange release

Cargotec to Supply Hatch Covers for Additional 17 Ships

4/12/2006

4/12/2006 8:46 AM|

Stock Exchange Release, April 12, 2006 at 9.00 a.m. Finnish time

Cargotec's MacGREGOR business area providing marine cargo handling solutions has received a further order to supply hatch covers for 17 container ships that are under construction for several ship owners at the Korean shipyard Hyundai Mipo. The ships will be delivered during 2008 - 2009. The value of the order is approximately USD 23 million. The current order is continuation to the hatch cover order received from the same shipyard in March to 27 container ships.

The capacity of the ships ranges from 1,800 TEU to 4,500 TEU.

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)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