Cargotec - Decisions of general meeting

Decisions taken at Cargotec's Annual General Meeting 2016

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 22 MARCH 2016 AT 2:45 PM (EET)

Decisions taken at Cargotec's Annual General Meeting 2016

Cargotec Corporation's Annual General Meeting was held today, 22 March 2016 in
Helsinki.

The Annual General Meeting approved a dividend of EUR 0.79 be paid for each of
class A shares and a dividend of EUR 0.80 be paid for each of class B shares
outstanding. The dividend will be paid to shareholders who on the record date
for dividend distribution, 24 March 2016, are registered as shareholders in the
company's shareholder register. The dividend payment date is 4 April 2016.

The meeting adopted the financial statements and consolidated financial
statements. The meeting granted discharge from liability to the CEO and the
members of the Board of Directors for the accounting period 1 January-31
December 2015.

The number of the ordinary members of the Board of Directors was confirmed at
eight. Jorma Eloranta, Tapio Hakakari, Ilkka Herlin, Peter Immonen and Teuvo
Salminen were re-elected to the Board of Directors, and Kimmo Alkio, Kaisa
Olkkonen and Heikki Soljama were elected as new members. The meeting decided a
yearly remuneration of EUR 80,000 be paid to the Chairman of the Board, EUR
55,000 to the Vice Chairman, EUR 55,000 to the Chairman of the Audit and Risk
Management Committee and EUR 40,000 to the other Board members. In addition,
members are paid EUR 1,000 for attendance at board and committee meetings. 30
percent of the yearly remuneration will be paid in Cargotec's class B shares and
the rest in cash and Cargotec will cover the transfer taxes related to the Board
remuneration paid in shares.

The Annual General Meeting elected accounting firm PricewaterhouseCoopers Oy and
authorised public accountant Tomi Hyryläinen as auditors. The auditors' fees
were decided to be paid according to invoice approved by the company.

The Annual General Meeting authorised the Board to decide on the repurchase of
Cargotec's shares with non-restricted equity. Altogether no more than 6,400,000
shares in the company may be purchased, of which no more than 952,000 are class
A shares and 5,448,000 are class B shares. This authorisation shall remain in
effect for a period of 18 months and it will supersede the previous one.

The meeting approved a EUR 600,000 donation to the Tampere University of
Technology.

For further information, please contact:
Eeva Sipilä, Executive Vice President, CFO, tel. +358 20 777 4104
Outi Aaltonen, Senior Vice President, General Counsel, tel. +358 20 777 4020

Cargotec (Nasdaq Helsinki: CGCBV) is a leading provider of cargo and load
handling solutions with the goal of becoming the leader in intelligent cargo
handling. Cargotec's business areas Kalmar, Hiab and MacGregor offer products
and services that ensure our customers a continuous, reliable and sustainable
performance. Cargotec's sales in 2015 totalled approximately EUR 3.7 billion and
it employs almost 11,000 people. www.cargotec.com

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