Cargotec - Company Announcement

Cargotec wins a large West Africa ship-to-shore crane contract

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 26 SEPTEMBER 2011 AT 11.00 AM
(EEST)


Cargotec has received a breakthrough order for ship-to-shore cranes from the
Bollore group of France, through its wholly-owned Unicaf subsidiary. The
contract is for a total of four Kalmar ship-to-shore cranes to be delivered in
the third quarter of 2012 to various ports in West Africa. The contract also
includes an option for four more ship-to-shore cranes. The parties have agreed
that the monetary value will not be disclosed.

This is the first ever order for Kalmar ship-to-shore cranes for West African
ports. The cranes will be built to a single box boom type design, with an
outreach of 47 m and a 30,5 m rail span. Their maximum lift capacity will be 60
tonnes under the Bromma twin-lift spreaders. The new cranes will be used to
provide specialised ship-to-shore gantry crane capacity in ports where handling
is currently carried out primarily by mobile cranes or ship's own gear, and on
green field terminals. The new cranes are expected to lead to significant
improvements in handling productivity and reliability.

Bollore is an important new customer for Cargotec. The group is one of the
biggest container terminal operators in the whole of Africa, and the leader in
West Africa. Bollore currently has a network of 13 container terminals in Africa
and the group will invest hundreds of millions of dollars to develop both the
existing and new terminals during the next few years, allowing them to meet the
needs of the fast-growing economies in West Africa, including landlocked
countries such as Burkina Faso and Mali.

Ismo Matinlauri, Senior Vice President, Port Cranes says:"Receiving this landmark contract from Bollore allies us with one of the most
respected names in the African logistics sector. The contract has been secured
after Cargotec was able to demonstrate both the quality of its equipment and
that the capability was available to meet a relatively short lead time to
delivery. We believe this will be the start of a long and mutually beneficial
relationship between Cargotec and Bollore group."

Further information for the press:
Ismo Matinlauri, Senior Vice President, Port Cranes, tel: + 358 2 412 1308
Anne Westersund, Vice President Communications and Marketing, tel: +
358 20 777 4181

Further information for investors:
Paula Liimatta, Investor Relations Manager, tel. +358 20 777 4084

Cargotec improves the efficiency of cargo flows on land and at sea - wherever
cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are
recognised leaders in cargo and load handling solutions around the world.
Cargotec's global network is positioned close to customers and offers extensive
services that ensure the continuous, reliable and sustainable performance of
equipment. Cargotec's sales totalled EUR 2.6 billion in 2010 and it employs
approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV.www.cargotec.com


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