Cargotec - Notice to general meeting

Invitation to Cargotec Corporation's Annual General Meeting

The shareholders of Cargotec Corporation are hereby summoned to the
Annual General Meeting to be held at the Marina Congress Center,
address Katajanokanlaituri 6, Helsinki, Finland on Friday, February
29, 2008 at 10:00 a.m. Shareholder registration will begin at 9:00
a.m.

The meeting shall handle the following matters pertaining to the
Annual General Meeting and other matters:

1.        Financial statements and consolidated financial statements
for the accounting period January 1 - December 31, 2007

2.        Auditor's report

3.        Approval of the financial statements and consolidated
financial statements

4.        Distribution of profit
The Board of Directors' proposal for distribution of dividends will
be published on January 31, 2008.

5.        Granting of discharge from liability to the chairman and
members of the Board of Directors and the President and CEO

6.        The number of members of the Board of Directors and
possible deputy members
The Nomination and Compensation Committee of the Board of Directors
proposes that the number of Board members be six and that no deputy
members be elected.

7.        Remuneration payable to the members of the Board of
Directors
The Nomination and Compensation Committee proposes that the Board
remuneration would not be amended and thus  a monthly remuneration of
EUR 5,000 be paid for the Chairman, EUR 3,500 for the Deputy
Chairman, and EUR 2,500 for the other Board members. In addition,
members are proposed to receive EUR 500 for attendance at Board and
Committee meetings.

8.        Election of the members and possible deputy members of the
Board
The Nomination and Compensation Committee proposes that current Board
members Henrik Ehrnrooth, Tapio Hakakari, Ilkka Herlin, Peter Immonen
and Karri Kaitue be re-elected to the Board of Directors and that Mr.
Antti Lagerroos, LL.Lic. be elected as a new member.  More
information on the new member is available on Cargotec's  internet
site www.cargotec.com.

9.        The number of Auditors
The Audit Committee proposes that two auditors be elected.

10.    Auditor remuneration
The Audit Committee proposes that the fees to the auditors be paid
according to invoice.

11.    Election of the Auditors
The Audit Committee proposes that authorized public accountants Johan
Kronberg and PricewaterhouseCoopers Ltd be re-elected.

12.    Proposal by the Board of Directors to authorize the Board of
Directors to decide on acquisition of Cargotec's own shares
The Board of Directors proposes that the Annual General Meeting
authorizes the Board to decide on acquisition of own shares with
non-restricted equity.  The shares may be acquired in order to
develop the capital structure of the Company, finance or carry out
possible acquisitions, implement the Company's share-based incentive
plans, or to be transferred for other purposes or to be cancelled.
The shares may be acquired through a directed acquisition as defined
in Finnish Companies Act, Chapter 15 § 6.

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 1,904,725 class B
shares purchased during 2005-2007 already in the Company's
possession. The proposed amount corresponds to less than 10 percent
of the share capital of the Company and the total voting rights. The
acquisition of own shares will decrease the non-restricted equity of
the Company.

This authorization shall remain in effect for a period of 18 months
from the date of decision of the Annual General Meeting.

13.    Proposal by the Board of Directors to authorize the Board of
Directors to decide on transfer of treasury shares (i.e. own shares
acquired by Cargotec)

The Board of Directors proposes that the Annual General Meeting
authorizes the Board to decide on transfer of a maximum of  952,000
class A treasury shares and 5,448,000 class B treasury shares. The
Board of Directors will be authorized to decide to whom and in which
order the treasury shares will be transferred. The Board of Directors
may decide on the transfer of treasury shares otherwise than in
proportion to the existing pre-emptive right of shareholders to
purchase the Company's own shares.

The treasury shares may be used as compensation in acquisitions and
in other arrangements as well as to implement the Company's
share-based incentive plans in the manner and to the extent decided
by the Board of Directors. The Board of Directors has also the right
to decide on the transfer of the shares in public trading at the OMX
Nordic Exchange, Helsinki to be used as compensation in possible
acquisitions.

This authorization shall remain in effect for a period of 18 months
from the date of decision of the Annual General Meeting.

14.    Proposal by the Board of Directors to amend the Articles of
Association of Cargotec Corporation

The Board of Directors proposes that the Annual General Meeting
resolves to amend the Articles of Association mainly due to and to
align with the new Finnish Companies Act effective as from 2006 as
follows:

*        Remove the provisions on minimum and maximum share capital
  as well as number of shares (current  3 § and 4 §)
*        Specify and amend the provisions of share issue to align
  with the terminology of the new Companies Act (new 3 §)
*        Amend the definition of the difference in dividend paid to
  the two share classes (new 3 §)
*        Remove the provisions on record date (new 4 §)
*        Amend the provisions on the right to represent the Company
  to correspond to the terminology of the new Companies Act (new 7 §)
*        Amend  the provisions on the Notice of a Shareholders'
  Meeting by defining the time of the notice  in months and days (new
  10 §)
*        Amend the list of agenda items of the Annual General Meeting
  to correspond to the new Companies Act and add a provision on the
  Chairman's right to resolve the method of voting in Shareholders'
  Meetings (new 12 §)

Information
Cargotec's financial statements and the proposals by the Board of
Directors are available to shareholders for review as of January 31,
2008 on the Company's internet site at www.cargotec.com. Copies of
the documents will be sent to shareholders upon request, and they
will also be available at the Meeting. The Annual Report 2007 will be
available on the Company's internet site on week 6 and will be mailed
to shareholders on week 7.

Right to participate
In order to take part in the Annual General Meeting, shareholders
must be registered in the shareholders' register maintained by the
Finnish Central Securities Depository by February 19, 2008 and give a
notice to Cargotec to attend the meeting not later than on February
25, 2008.  Shareholders who have placed their shares in trust need to
contact their bank, broker or other custodian to temporarily
re-register the shares in their own name by February 19, 2008 in
order to participate in the Meeting.

Notification of participation
Shareholders who wish to attend the Meeting must notify Cargotec no
later than 4:00 p.m. on February 25, 2008. Notification can be made
via the following ways:

*        on Cargotec's internet site at www.cargotec.com;
*        by mail: Cargotec Corporation, Share register, P.O. Box 61,
  00501 Helsinki, Finland;
*        by fax: +358 (0)204 55 4275; or
*        by telephone: +358 (0)204 55 4284.
Shareholders are also requested to provide the Company with any
proxies for the Annual General Meeting so that the proxies are in the
Company's possession by February 25, 2008.

Helsinki, January 16, 2008

Board of Directors


Sender:
Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, Investor Relations and Communications

The CV and photo of Antti Lagerroos are available on the Cargotec's
internet site at www.cargotec.com

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 11,000 people and operates in close to 160
countries. Cargotec's class B shares are quoted on the OMX Nordic
Exchange, Helsinki.

www.cargotec.com