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Cargotec Oyj (HEL:CGCBV) Cargotec Appoints Pekka Vauramo As Deputy To CEO

Cargotec Oyj (HEL:CGCBV) Cargotec Corporation, Stock Exchange Release, December 18, 2008 at 2.30 p.m. Finnish time

Cargotec's Board of Directors has decided to appoint Pekka Vauramo (51), President of Kalmar business area, as Senior Executive Vice President and Deputy to CEO Mikael Mäkinen. Vauramo will continue to be responsible for Kalmar business area.

More information for the press:

Mikael Mäkinen, President and CEO tel. +358 (0)204 55 4262

Pekka Vauramo, Senior Executive Vice President and Deputy to CEO; President, Kalmar tel. +358 (0)204 55 4873

Minna Karhu, Vice President, Corporate Communications, Cargotec tel. +358 (0)204 55 4630 mobile +358 (0)40 532 0007

More information for the investors: Paula Liimatta, IR Manager, tel. +358 (0)204 55 4634

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

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Cargotec Oyj

http://www.cargotec.com

ISIN: FI0009013429

Stock Identifier: XHEL.CGCBV

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