CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 28 JANUARY 2013 AT 8.30 A.M.
(EET)

Cargotec's Board of Directors has in its meeting on 27 January, 2013
appointed
Mr. Mika Vehviläinen (M.Sc. (Econ.), b. 1961, as Cargotec's new
President and
CEO. Vehviläinen will start at Cargotec on 1 March 2013. Tapio
Hakakari,
Cargotec's Vice Chairman of the Board, will continue as the interim
President
and CEO until 28 February 2013.

Mika Vehviläinen is currently the
President and CEO of Finnair Plc. Previously
he has held senior leadership
positions at Nokia Siemens Networks and Nokia, and
has worked in logistics and
service development duties in the United States and
in Asia.

"During his
successful international career, Vehviläinen has convincingly proven
his
leadership and result creating skills even during difficult circumstances.
The
Board is certain that under his management Cargotec is well prepared to
face
the future changes and challenges," states Cargotec's Chairman of the
Board
Ilkka Herlin.

"The importance of transport and logistics will continue
to increase in the
future. Cargotec as the forerunner in cargo handling
solutions offers an
interesting challenge. I am excited to develop Cargotec
business further,
together with the whole personnel," says Vehviläinen.

Mika
Vehviläinen's CV and picture are attached on this release. His remuneration
has
been described as part of the CV.

Press conference
Cargotec will host a press
conference on the appointment on Monday 28 January
2013 at 10 a.m. EET at its
head office Porkkalankatu 5, Helsinki, Finland
(register at the reception on
the 6th floor). The press conference will be held
in Finnish. Ilkka Herlin,
Cargotec's Chairman of the Board, and Tapio Hakakari,
Vice Chairman of the
Board and the interim President and CEO, as well as Mika
Vehviläinen will be
present.

Further information for the press:
Ilkka Herlin, Chairman of the
Board of Directors, Cargotec Corporation, tel.
+358 20 777 4101
Anne
Westersund, Vice President, Communications, tel. + 358 20 777 4460
Further
information for investors:
Eeva Sipilä, Executive Vice President, CFO, tel.
+358 20 777 4105

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 3.1
billion in 2011 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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