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Stock Exchange Release

Cargotec’s Annual General Meeting: Review by President and CEO Carl-Gustaf Bergström

2/28/2006

2/28/2006 12:36 PM|

Stock Exchange Release, February 28, 2006 at 1.30 p.m. Finnish time

In Cargotec Corporation's Annual General Meeting starting at 2.00 p.m. today President and CEO Carl-Gustaf Bergström will in his review state that Cargotec's outlook disclosed in conjunction with the financial statements on January 31, 2006 is still valid. "The market situation has continued good as we estimated earlier. Order intake has been strong, which is also evidenced by the couple of important, large orders received and disclosed since the beginning of the year," President and CEO Bergström states.

President and CEO Bergström notes he is very pleased with Cargotec's successful start as an independent company. "The positive development in 2005 reflects the immense work done within the organization for the past couple of years. It has been a privilege to be part of this success. My successor Mikael Mäkinen brings strong know-how, experience and enthusiasm to take the business forward. I am confident of the future of Cargotec and wish to thank all our owners for their interest in the Company," Carl-Gustaf Bergström concludes.

Sender:
Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, IR and Communications

For further information, please contact:
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