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Cargotec Oyj : Cargotec Corporation's Board of Directors organising meeting 2013

 Cargotec Oyj : Cargotec Corporation's Board of Directors organising meeting
                                     2013

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 20 MARCH 2013 AT 3.30 P.M. (EET)

Cargotec Corporation's Board of Directors elected by the Annual General
Meeting has in its organising meeting elected Ilkka Herlin to continue as
Chairman of the Board. Tapio Hakakari was elected as Vice Chairman.

The Board of Directors considers all members to be independent of the company
and all except Ilkka Herlin and Peter Immonen to be independent of major
shareholders. Tapio Hakakari was the interim President and CEO as of 8 October
2012 until 28 February 2013, but because the position was temporary, the Board
considers him to be independent of the company after the position has ended.

The Board decided to continue the practice that the members are to keep the
Cargotec shares they have obtained in remuneration under their ownership for
at least two years from the day they obtained them. The shares will be
purchased at market price on a quarterly basis.

The Board of Directors elected among its members Ilkka Herlin, Teuvo Salminen
and Anja Silvennoinen as members of the Audit and Risk Management Committee.
Teuvo Salminen was re-elected as Chairman of the committee. The Board
considers that the membership of Ilkka Herlin, as a significant shareholder,
in the committee is warranted.

Board members Tapio Hakakari, Ilkka Herlin, Peter Immonen and Antti Lagerroos
were elected to the Nomination and Compensation Committee. Ilkka Herlin was
re-elected as Chairman of the committee.

Outi Aaltonen, Senior Vice President, General Counsel, will continue as
Secretary to the Board.

Further information for media:
Anne Westersund, Vice President, Communications, tel. +358 20 777 4460

Further information for investors:
Eeva Sipilä, Executive Vice President and 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 brands MacGregor, Kalmar and Hiab 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 3.3 billion in 2012
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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information contained therein.

Source: Cargotec Oyj via Thomson Reuters ONE
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