Cargotec to start share repurchases

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 4 FEBRUARY 2014 AT 15.30 PM EET Cargotec to start share repurchases Cargotec's Board of Directors has decided to exercise the authorisation of the Annual General Meeting on 20 March 2013 to repurchase the company's own shares. The repurchases will start on 5 February 2014 at the earliest. According to the authorisation, the maximum amount of shares to be acquired can be 6,400,000 shares, of which a maximum of 952,000 class A shares and 5,448,000 class B shares may be repurchased. Class B shares will be purchased at public trading on NASDAQ OMX Helsinki Ltd. at the market price. Class A shares will be purchased outside the stock exchange at the price equivalent to the average price of class B shares paid on NASDAQ OMX Helsinki Ltd. on the purchase date. For further information, please contact: Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104 Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084 Cargotec shapes the cargo handling industry for the benefit of its customers and shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Their global network is positioned close to customers and offers extensive services that ensure a continuous, reliable and sustainable performance according to customers' needs. Cargotec's sales totalled approximately EUR 3.2 billion in 2013 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Cargotec Oyj via GlobeNewswire [HUG#1759053]