Cargotec - Company Announcement

Decisions taken at Cargotec Corporation's Annual General Meeting

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 5 MARCH 2010 AT 1.10 P.M. (EET)


Decisions taken at Cargotec Corporation's Annual General Meeting

Cargotec Corporation's Annual General Meeting was held today, 5 March 2010 in
Helsinki.

The Annual General Meeting approved a dividend of EUR 0.39 per each of class A
shares and EUR 0.40 per each of class B shares outstanding be paid. The dividend
will be paid to shareholder who on the record date for dividend distribution,
10 March 2010, is registered as shareholder in the Company's share register. The
dividend payment date is 17 March 2010.

The meeting approved the financial statements and consolidated financial
statements. The meeting granted discharge from liability to the President and
CEO and the members of the Board of Directors for the accounting period 1
January-31 December 2009.

The number of the members of the Board of Directors was confirmed at seven (7)
according to the proposal of the Board's Nomination and Compensation Committee.
Tapio Hakakari, Ilkka Herlin, Peter Immonen, Karri Kaitue, Antti Lagerroos and
Anja Silvennoinen as well as Teuvo Salminen M.Sc. (Econ.) as a new Board member
were elected to the Board of Directors. The meeting decided according to the
proposals of Nomination and Compensation Committee that a yearly remuneration of
EUR 80,000 will be paid for the Chairman, EUR 55,000 for the Deputy Chairman and
EUR 40,000 for the other Board members. In addition, it was decided that members
receive EUR 500 for attendance at Board and Committee meetings. The meeting
decided that 30 per cent of the yearly remuneration of the members of the Board
will be paid in the Company's class B shares and the rest in money.

Authorised public accountants Johan Kronberg and PricewaterhouseCoopers Ltd were
re-elected as auditors according to the proposal of the Audit Committee of
Cargotec Corporation's Board of Directors. The auditors' fees were decided to be
paid according to invoice.

The Annual General Meeting confirmed that stock options will be issued to the
key personnel of Cargotec and its subsidiaries. The maximum total number of
stock options issued will be 1,200,000 and the stock options entitle their
owners to subscribe for a maximum total of 1,200,000 new class B shares in
Cargotec or existing class B shares held by the Company. The share subscription
price will be based on the volume weighted average price of the Company's class
B share on the NASDAQ OMX Helsinki Ltd. during two full weeks following the
Annual General Meeting in 2010, 2011 and 2012. The share subscription period for
stock options 2010A, will be 1 April 2013-30 April 2015, for stock options
2010B, 1 April 2014-30 April 2016 and for stock options 2010C, 1 April 2015-30
April 2017. The beginning of the share subscription period requires attainment
of targets established for a financial criterion determined by the Board of
Directors annually.

The Annual General Meeting authorised the Board of Directors to decide on
repurchasing of own shares with non-restricted equity. The shares may be
repurchased in order to develop the capital structure of the Company, to finance
or carry out possible acquisitions, to implement the Company's share-based
incentive plans, to be transferred for other purposes or to be cancelled.
Altogether no more than 6,400,000 own shares may be purchased, of which no more
than 952,000 are class A shares and 5,448,000 are class B shares. The
above-mentioned amounts include the 2,959,487 class B shares repurchased during
2005-2008 in Company's possession on the Annual General Meeting date. The
proposed amount corresponds to less than 10 percent of the share capital and the
total voting rights in Cargotec. The authorisation shall remain in effect for a
period of 18 months from the date of decision of the Annual General Meeting.

The Annual General Meeting authorised the Board to decide on issuance of a
maximum of 6,400,000 treasury shares, of which no more than 952,000 are class A
shares and 5,448,000 are class B shares, in one or more lots. The share issue
can be directed and it is to be used to as compensation in acquisitions and in
other arrangements, to finance acquisitions or for personnel incentive purposes.
The Board of Directors has also the right to decide on the transfer of the
shares in public trading in the NASDAQ OMX Helsinki Ltd. according to its rules
and regulations. The Board of Directors was authorised to decide on other
conditions of the share issue. The authorisation shall remain in effect for a
period of 18 months from the date of decision of the Annual General Meeting.


For further information, please contact:

Outi Aaltonen, Senior Vice President, General Counsel, Secretary of the AGM,
tel. +358 204 55 4249
Eeva Sipilä, CFO, tel. +358 204 55 4281
Minna Karhu, Vice President, Corporate Communications, tel. +358 204 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 totalled EUR 2.6 billion in 2009 and it employs more
than 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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