CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 28 NOVEMBER 2011 AT 11 A.M. (EET)

Cargotec has recently won a significant order for two Siwertell ship unloaders to handle coal at Jorf Lasfar, on Morocco’s Atlantic coast. The contract comes from the Jorf Lasfar Energy Company (JLEC) and includes repositioning two existing unloaders as well as installing the two new Siwertell units when they are delivered in 2013.

The unloaders will suit a new jetty belt conveyor system with an increased travelling length at the Jorf Lasfar coal-fired power plant, which is undergoing major expansion. Each Siwertell type ST 940-DOB unit will have a coal-unloading capacity of 2,400t/h.

“Cargotec’s Siwertell system is technically superior to the other systems offered: it is more efficient and environmental friendly,” says Bertil Andersson, Sales Manager, Bulk Terminals. “Cargotec is the only provider of this kind of system with its performance proven by many references. In addition to technological advantages, Siwertell systems have a unique lightweight design offering weight-savings of more than 50 per cent in comparison with a corresponding bucket and chain type unloader”.

Cargotec has also just announced that its Siwertell Sulphur Safety System, known as the 4S has won the International Bulk Journal’sSafety in Bulk Handling award. The system is designed to minimise the risk of explosions and detect fires when handling sulphur.

One of the latest companies to benefit from this technology will be the Indian Farmers Fertiliser Cooperative Ltd (IFFCO), Paradeep Unit, which has ordered an enclosed screw-type unloader to discharge rock phosphate and sulphur. The new unit will be rated at a capacity of 1,800t/h and is planned for delivery in twelve months.

The values of the Indian and the Moroccan contracts total approximately EUR 40 million.

Further information for the press:

Jan Karlsson, Sales Director, Bulk Handling, tel: +46 42 85 800

Anne Westersund, Vice president, Communications and Marketing, tel. +358 20 777 4460

Further information for investors:

Paula Liimatta, Investor Relations Manager, tel. +358 20 777 4084

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 2010 and it employs approximately 11,000 people. Cargotec’s class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com