Cargotec Receives Order Worth over EUR 10 Million for Conversion of RoRo Vessel Car Decks

Cargotec Corporation, Press Release, November 28, 2007 at 9.30 a.m. Finnish time Cargotec's MacGREGOR business area providing marine cargo handling and offshore solutions, has received an order for conversion of car decks in six RoRo vessels. The conversion will take place during 2010-2012 and the value of the order exceeds EUR 10 million. The vessels which will be delivered for Finnish shipowner Finnlines will be built in Jinling shipyard in China. After the vessels have been built, MacGREGOR will install on each vessel about 5,500m2 of car decks designed and manufactured by MacGREGOR. The converted car decks and access ramps will be electrically operated. Electric drives offer many advantages to the shipowners and shipbuilders compared with hydraulic versions. The main advantages are that there is no risk of hydraulic oil leakages, there is no need to fit hydraulic pipework on board, electric drives are easy to monitor and maintain, and they offer energy savings. Sender: Cargotec Corporation Kari Heinistö Senior Executive Vice President and CFO Eeva Mäkelä SVP, Investor Relations and Communications For further information, please contact: Magnus Sjöberg, Sales Manager, MacGREGOR RoRo Division, tel. +46 31 850 700 Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281 Cargotec is the world's leading provider of cargo handling solutions whose products are used in the different stages of material flow in ships, ports, terminals, distribution centers and local transportation. Cargotec Corporation's brands, Hiab, Kalmar and MacGREGOR, are market leaders in their fields and well-known among customers all over the world. Cargotec's sales are EUR 2.8 billion. The company employs over 11,000 people and operates in close to 160 countries. Cargotec's class B shares are quoted on the OMX Nordic Exchange, Helsinki. www.cargotec.com