Cargotec - Changes in company's own shares

Cargotec will start to repurchase own shares

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 31 OCTOBER 2016 AT 1.15 PM (EET)

Cargotec will start to repurchase own shares

Cargotec Corporation's Board of Directors has decided to exercise the
authorisation of the Annual General Meeting on 22 March 2016 to repurchase
company's own shares. Cargotec will repurchase maximum 200,000 class B shares to
be used as reward payments for Cargotec's share-based incentive programmes. The
shares will be purchased at public trading on Nasdaq Helsinki Ltd at the market
price. The repurchases will start on 1 November 2016 at the earliest. According
to the authorisation given to the Board of Directors by the Annual General
Meeting, the maximum amount of shares that can be acquired is 952,000 class A
shares and 5,448,000 class B shares.

For further information, please contact:
Mikko Puolakka, Executive Vice President and CFO, tel. +358 20 777 4105
Hanna-Maria Heikkinen, Vice President, Investor Relations, tel. +358 20 777 4084

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 over 11,000 people. www.cargotec.com

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