Hiab Oyj

Report Publication Announcement • Jan 16, 2013

Disclosure 304025

Cargotec - Company Announcement

Cargotec's recruitment process for a new President and CEO still on-going

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 16 JANUARY 2013 AT 8.30 A.M. (EET) As announced in 4 October 2012, Cargotec's Board of Directors has started a recruitment process for a new President and CEO for the company. This recruitment process is still on-going. Tapio Hakakari, Vice Chairman of Cargotec's Board of Directors, continues as Cargotec's interim President and CEO. Further information for the press: Anne Westersund, Vice President Communications, tel. + 358 20 777 4460 Further information for investors: Eeva Sipilä, CFO, tel. +358 20 777 4105 Paula Liimatta, Director, Investor Relations, 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 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 [HUG#1670722]