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Stock Exchange Release

Cargotec Appoints Eeva Mäkelä as CFO

31/01/2008

Press Release, January 31, 2008 at 8.20 a.m. Finnish time

Eeva Mäkelä (35) has been appointed Cargotec’s CFO (Chief Financial Officer) as of February 1, 2008. She has earlier held the position of Senior Vice President, Investor Relations and Communications and been a member of the Executive Board. Eeva Mäkelä will, in addition to investor relations and communications, be responsible for accounting, finance and risk management. She continues as member of the Executive Board and reports to President and CEO Mikael Mäkinen.

Accounting, finance and risk management have earlier been part of the responsibility of Deputy CEO Kari Heinistö.

M. Sc. (Econ. with major in accounting), CEFA Eeva Mäkelä has been employed by Cargotec since 2005. Previously she was head of investor relations at Metso Corporation. Her photo and CV are available on Cargotec’s web pages at www.cargotec.com/media.

Sender:
Cargotec Corporation

Kari Heinistö
Deputy CEO

Eeva Mäkelä
SVP, Investor Relations and Communications

For further information, please contact:
Mikael Mäkinen, President and CEO, tel. +358 204 55 4262
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281

Cargotec improves the efficiency of cargo flows by offering handling systems and the related services for the loading and unloading of goods. Cargotec’s brands, Hiab, Kalmar and MacGREGOR, are global market leaders in their fields and their solutions are used on land and at sea – wherever cargo is on the move. Extensive repair and maintenance services close to customers ensure the continuous usability of equipment. Cargotec is the technology leader in its field, its R&D focusing on innovative solutions that take environmental considerations into account. Cargotec’s sales are EUR 3 billion and the company employs over 11,000 people. Cargotec’s class B shares are quoted on the OMX Nordic Exchange Helsinki.

www.cargotec.com