CARGOTEC CORPORATION, PRESS RELEASE, 21 MAY 2010, AT 1 PM EEST

Cargotec has appointed Anne Westersund (M.A.) as Vice President, Communications and Marketing as of 1 August 2010. She comes from the position of Head of Communications Nordic at Vattenfall.

Anne Westersund will report to Cargotec's Executive Vice President, Human Resources and Communications, Kirsi Nuotto.

Cargotec's current head of Corporate Communications function Minna Karhu has decided to take another role in Cargotec's communications.

For further information, please contact:

Kirsi Nuotto, Executive Vice President, Human Resources and Communications, tel. +358 204 55 4379

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 2.6 billion in 2009 and it employs approximately 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com