CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE 30 DECEMBER 2014 AT 11 AM (EET)

Cargotec's MacGregor secures large subsea crane order from ZPMC

MacGregor, part of Cargotec, has received a large order from Shanghai Zhenhua Heavy Industry Co Ltd (ZPMC). The contract is for four offshore cranes, including a 400-tonne SWL active heave-compensated crane capable of deploying 3,000m of wire rope.

All four cranes will be fitted to a new 145m dive support vessel (DSV) under construction at the yard for UK-based operator Sealion Shipping. Delivery of the cranes to the Chinese shipyard is scheduled during third quarter of 2016.

Sealion is an offshore support company that manages and operates offshore support vessels for Toisa. The DP3 vessel is equipped for worldwide operations in the oil and gas sector and on ultra-deepwater projects. Delivery is planned for early 2017.

Further information for the press:
Tom Harald Svennevig, Vice President, MacGregor Advanced Load Handling, tel. +47 909 42 330
Heli Malkavaara, Communications Manager, MacGregor, tel. +358 20 777 4500,
heli.malkavaara@macgregor.com   

Further information for investors:
Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104

Cargotec shapes the cargo handling industry for the benefit of its customers and shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Their global network is positioned close to customers and offers extensive services that ensure a continuous, reliable and sustainable performance according to customers' needs. Cargotec's sales totalled approximately EUR 3.2 billion in 2013 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV. www.cargotec.com