Cargotec - Company Announcement

Cargotec to proceed with listing of Marine in Asia and change of governance model

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 17 SEPTEMBER 2012 at 10 a.m.
(EEST)

Cargotec's Board of Directors has concluded that a separate listing of Marine
business area provides an opportunity to accelerate growth and value creation of
the business. The Board has decided to proceed with the preparations for a
separate listing of Marine in Asia latest by the second half of 2013 subject to
market conditions. Cargotec will retain a majority stake in the listed
subsidiary.

To strengthen its all three business areas' leading position, Cargotec will
develop its governance model towards an organisation driven by three business
areas: Marine, Terminals and Load Handling. The change in governance model will
enable faster decision-making, improve efficiency and ensure better focus in
improving profitability within Terminals and Load Handling.

As part of the change Cargotec plans to operationally integrate its Services
business area and Region EMEA (Europe, Middle East and Africa) into Marine,
Terminals and Load Handling business areas. The role of Cargotec's corporate
functions is also planned to be restructured to enable more independent
businesses.

As a result of the changes, Cargotec plans to adjust its operations accordingly
and has started to plan restructuring measures. More information about the
measures will be communicated during the coming weeks.

Cargotec's external financial reporting remains unchanged with the three
business areas Marine, Terminals and Load Handling comprising the reporting
segments.

A conference call for investors, analysts and media, during which questions may
be presented regarding today's announcement, will be held in English on 17
September 2012 starting at 11.30 am (EEST). The conference call will be hosted
by Cargotec's President and CEO Mikael Mäkinen and Executive Vice President, CFO
Eeva Sipilä.

To register as a participant for the teleconference, please dial ten minutes
before the beginning of the conference: US callers: +1 334 323 6203, other
callers: +44 20 7162 0125, access code Cargotec/922558.

A replay of the conference will be available for two days until midnight on 19
September 2012, in the following numbers: US callers +1 954 334 0342, other
callers +44 20 7031 4064, access code Cargotec/922558.



Further information for the press:
Mikael Mäkinen, President and CEO, tel. +358 20 777 4100
Anne Westersund, Vice President Communications and Marketing, tel: +
358 20 777 4460

Further information for investors:
Eeva Sipilä, Executive Vice President, CFO, tel. +358 20 777 4104

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 3.1 billion in 2011 and it employs
approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV. www.cargotec.com


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