Cargotec - Changes board/management/auditors

Cargotec Corporation's Board of Directors organising meeting 2014

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 18 MARCH 2014 AT 3.45 PM (EET)

Cargotec Corporation's Board of Directors organising meeting 2014

Cargotec Corporation's Board of Directors elected by the Annual General Meeting
has in its organising meeting elected Ilkka Herlin to continue as Chairman of
the Board. Tapio Hakakari was elected as Vice Chairman.

The Board of Directors considers all members to be independent of the company
and all except Ilkka Herlin and Peter Immonen to be independent of major
shareholders.

The Board of Directors decided to continue the practice that the members are to
keep the Cargotec shares they have obtained in remuneration under their
ownership for at least two years from the day they obtained them. The shares
will be purchased at market price on a quarterly basis.

The Board of Directors elected among its members Ilkka Herlin, Teuvo Salminen
and Anja Silvennoinen as members of the Audit and Risk Management Committee.
Teuvo Salminen was re-elected as Chairman of the committee. The Board considers
that the membership of Ilkka Herlin, as a significant shareholder, in the
committee is warranted.

Board members Tapio Hakakari, Ilkka Herlin, Peter Immonen and Antti Lagerroos
were elected to the Nomination and Compensation Committee. Ilkka Herlin was re-
elected as Chairman of the committee.

Outi Aaltonen, Senior Vice President, General Counsel, will continue as
Secretary to the Board.

Further information:
Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104
Outi Aaltonen, Senior Vice President, General Counsel, tel. +358 20 777 4020

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. www.cargotec.com


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