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Stock Exchange Release

Changes in Cargotec’s Executive Committee


3/6/2006 10:01 AM|

Stock Exchange Release, March 6, 2006 at 10:50 a.m. Finnish time

Tor-Erik Sandelin, a member of Cargotec Corporation's Executive Committee and Senior Vice President responsible for Service Business Development, will retire on April 1, 2006 at the age of 63 years according to a previous agreement. His successor will be announced separately at a later stage.

Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, IR and Communications

For further information, please contact:
Carl-Gustaf Bergström, President and CEO, tel. +358 (0)204 55 4256

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.

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