Cargotec - Company Announcement

Cargotec signs EUR 20 million contract for MacGregor subsea load and module handling systems

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 2 JUNE 2010 AT 1.30 PM (EEST)



Cargotec has signed EUR 20 million contract for MacGregor subsea load and module
handling systems to be installed on Hallin Marine Subsea International PLC's
'ground-breaking' design of compact semi-submersible (CSS) offshore vessel. The
equipment will be delivered during the second half of 2011."We focus on delivering integrated solutions that will optimise the functions,
and thus the overall functionality, of a specific ship type," says Henrik
Vildenfeldt, Cargotec's senior vice president responsible for offshore load
handling. "Contracts such as this are testimony to our customers' confidence in
both the superior technology and reliability of MacGregor equipment, and our
ability to provide complete integrated solutions that will ensure sustainable,
function-intended operations".

Hallin Marine says the 84m-long by 32m-wide twin-hulled compact semi-submersible
(CSS) will be named CSS Derwent, and is the culmination of a five-year project
designed to deliver 'large boat capability' at the price of a much smaller
vessel, with a primary focus on light well intervention. CSS Derwent was
designed by STX Canada Marine Inc.

MacGregor systems comprise:
·    a 150 tonne subsea active heave-compensated knuckle-jib crane with a
3,000m wire capacity
·   an offshore service crane
·   several ROV launch and recovery systems including moonpool-based and
deck-mounted versions with umbilical winches
·   a module-handling system with a tower, moonpool system and a fully
integrated deck-skid system.

With its global service organisation, Cargotec offers integrated service
solutions to marine and offshore operators. As part of the service agreement
pertaining to this contract, Cargotec will deliver equipment with remote
diagnostic capabilities and provide operator training courses.

Cargotec will design, manufacture and test contracted systems at its offshore
load handling competence centres in Norway and Singapore.

Further information for the press:
Øystein Bondevik, Sales Director, Offshore Load Handling, tel. +47 9572 3413
E-mail: oystein.bondevik@cargotec.com <mailto:oystein.bondevik@cargotec.com>

Henrik Vildenfeldt, Senior Vice President, Offshore Load Handling,
tel. +45 4454 4747
E-mail:henrik.vildenfeldt@cargotec.com <mailto:henrik.vildenfeldt@cargotec.com>

Pauliina Koivunen, Director, External Communications, tel. +358 (0)3 265 8111


Further information the investors:
Paula Liimatta, Investor Relations Manager, tel. +358 (0)204 55 4630
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 totaled EUR 2.6 billion in 2009 and it employs
approximately 9,500 people. Cargotec's class B shares are quoted on the NASDAQ
OMX Helsinki. www.cargotec.com <http://www.cargotec.com/>



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