Cargotec - Corporate Action

Cargotec Shares Subscribed with Option Rights

Cargotec Corporation, Stock Exchange Announcement, August 15, 2007 at
9:30 a.m. Finnish time

A total number of 18,459 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 2,575 and 3,578
respectively. The subscriptions increase Cargotec's share capital by
EUR 18,459. The share capital increase has been entered in the trade
register on August 15, 2007 and trading in the shares together with
the old shares will begin on August 16, 2007.

Cargotec's share capital after the increase totals EUR 64,137,138.
The amount of class B shares after the subscription is 54,611,049
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 August 15, 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 271,872 class B shares remain to
be subscribed for with 2005A and 2005B option rights, which
corresponds to a share capital increase of EUR 271,872.

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 sales are EUR 2.8 billion.
The company employs over 10,000 people and operates in close to 160
countries. Cargotec's class B shares are quoted on the Helsinki Stock
Exchange.

www.cargotec.com