Hiab Oyj

Capital/Financing Update • Mar 17, 2017

Disclosure 350439

Cargotec - Other information disclosed according to the rules of the Exchange

Cargotec issues two bonds in the aggregate amount of EUR 250 million

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 17 MARCH 2017 AT 4.30 PM (EET) Cargotec issues two bonds in the aggregate amount of EUR 250 million Cargotec Corporation issues two senior unsecured bonds in the total aggregate nominal amount of EUR 250 million. The first 5-year bond in the nominal amount of EUR 150 million matures on 28 March 2022 and it carries a fixed annual interest of 1.75 per cent. The offering was allocated to 50 investors. The other, 7-year bond in the nominal amount of EUR 100 million matures on 28 March 2024 and it carries a fixed annual interest of 2.375 per cent. The offering was allocated to over 40 investors. Cargotec will apply for the listing of the bonds on Nasdaq Helsinki Ltd. The reason for the issue of the bonds is to use the proceeds predominantly for refinancing but also for general corporate purposes. Nordea Bank AB (publ) and OP Corporate Bank plc acted as lead managers in the transaction. For further information, please contact: Hanna-Maria Heikkinen, Vice President, Investor Relations, tel. +358 20 777 4084 Mikko Puolakka, Executive Vice President and CFO, tel. +358 20 777 4105 Cargotec (Nasdaq Helsinki: CGCBV) is a leading provider of cargo and load handling solutions with the goal of becoming the leader in intelligent cargo handling. Cargotec's business areas Kalmar, Hiab and MacGregor offer products and services that ensure our customers a continuous, reliable and sustainable performance. Cargotec's sales in 2016 totalled approximately EUR 3.5 billion and it employs over 11,000 people. www.cargotec.com []