Cargotec - Corporate Action

Cargotec Shares Subscribed with Option Rights

Cargotec Corporation, Stock Exchange Announcement, October 28, 2008
at 1:45 p.m. Finnish time

A total number of 27,060 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 2005B option
rights used for share subscription was 9,020. The subscriptions
increase Cargotec's share capital by EUR 27,060. The share capital
increase has been entered in the trade register on October 28, 2008
and trading in the shares together with the old shares will begin on
October 29, 2008.

Cargotec's share capital after the increase totals EUR 64,299,180.
The amount of class B shares after the subscription is 54,773,091
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 October 28, 2008.

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. The share
subscription period with 2005B option rights lasts until March 31,
2009 and 109,830 shares remain to be subscribed for with them.

Sender:
Cargotec Corporation

Eeva Sipilä
CFO

For further information, please contact:
Ulla Silvonen, Legal Assistant, tel. +358 204 55 4367

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 exceed EUR 3 billion and the company employs
approximately 12,000 people. Cargotec's class B shares are quoted on
the NASDAQ OMX Helsinki.
www.cargotec.com