Cargotec - Company Announcement

Cargotec Board of Directors' Organising Meeting

Cargotec Corporation, Stock Exchange Release, March 5, 2009 at 5:45
p.m. Finnish time

Cargotec's Board of Directors elected in the Annual General Meeting
has in its organising meeting elected Ilkka Herlin to continue as
Chairman of the Board. Tapio Hakakari was elected as Deputy Chairman.
Cargotec's Senior Executive Vice President Kari Heinistö will
continue to act as secretary to the Board of Directors.

Cargotec's Board of Directors decided that the Audit Committee and
Nomination and Compensation Committee will continue to assist the
Board in its work.

The Board of Directors elected among its members Ilkka Herlin, Karri
Kaitue and Anja Silvennoinen as members of the Audit Committee. Karri
Kaitue was re-elected as Chairman of the Audit Committee. The Board
considers all members of the Committee to be independent from the
Company and all except Ilkka Herlin to be independent of major
shareholders. The Board considers that the membership in the Audit
Committee of Ilkka Herlin as a significant shareholder 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 Nomination and
Compensation Committee.

For further information, please contact:

Kari Heinistö, Senior Executive Vice President, Secretary to Board of
Directors,
tel. +358 204 55 4256

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 by offering handling
systems and the related services for the loading and unloading of
goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global
market leaders in their fields and their solutions are used on land
and at sea - wherever cargo is on the move. Extensive services close
to customers ensure the continuous usability of equipment. Cargotec
is the technology leader in its field, its R&D focusing on innovative
solutions that take environmental considerations into account.
Cargotec's sales total EUR 3.4 billion and it employs approximately
12,000 people. Cargotec's class B shares are quoted on the NASDAQ OMX
Helsinki.

www.cargotec.com