Cargotec - Corporate Action

Cargotec Shares Subscribed with Option Rights

A total number of 8,040 new class B shares have been subscribed with Cargotec   
option rights that were granted as part of the demerged Kone Corporation's year 
2004 option program. The amount of 2005A and 2005B option rights used for share 
subscription was 165 and 2,515 respectively. The subscriptions increase         
Cargotec's share capital by EUR 8,040. The share capital increase has been      
entered in the trade register on May 2, 2007 and trading in the shares together 
with the old shares will begin on May 3, 2007.                                  

Cargotec's share capital after the increase totals EUR 64,118,679. The amount of
class B shares after the subscription is 54,592,590 shares. The number of class 
A shares remains unchanged at 9,526,089 shares. The new shares will entitle to  
all shareholder rights from the registration date May 2, 2007.                  

Each Cargotec option right entitles the holder to subscribe for three Cargotec  
class B shares. The share subscription price according to the terms of the      
option program is EUR 8.59 per share. After this share capital increase, a total
of 290,331 class B shares remain to be subscribed for with 2005A and 2005B      
option rights, which corresponds to a share capital increase of EUR 290,331.    

Sender:                                                                         
Cargotec Corporation                                                            

Kari Heinistö			                                                                
Senior Executive Vice President and CFO	                                        

Eeva Mäkelä                                                                     
SVP, Investor Relations and Communications                                      

For further information, please contact:                                        
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 net sales are EUR 2.7 
billion. The company employs approximately 9,000 people and operates in close to
160 countries. Cargotec's class B shares are quoted on the Helsinki Stock       
Exchange.                                                                       

www.cargotec.com