Hiab Oyj

Board/Management Information • Dec 18, 2008

Disclosure 265458

Cargotec - Changes board/management/auditors

Cargotec Appoints Pekka Vauramo as Deputy to CEO

Cargotec Corporation, Stock Exchange Release, December 18, 2008 at 2.30 p.m. Finnish time Cargotec's Board of Directors has decided to appoint Pekka Vauramo (51), President of Kalmar business area, as Senior Executive Vice President and Deputy to CEO Mikael Mäkinen. Vauramo will continue to be responsible for Kalmar business area. More information for the press: Mikael Mäkinen, President and CEO tel. +358 (0)204 55 4262 Pekka Vauramo, Senior Executive Vice President and Deputy to CEO; President, Kalmar tel. +358 (0)204 55 4873 Minna Karhu, Vice President, Corporate Communications, Cargotec tel. +358 (0)204 55 4630 mobile +358 (0)40 532 0007 More information for the investors: Paula Liimatta, IR Manager, tel. +358 (0)204 55 4634 Cargotec improves the efficiency of cargo flows by offering handling systems and the related services for the loading and unloading of goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global market leaders in their fields and their solutions are used on land and at sea - wherever cargo is on the move. Extensive services close to customers ensure the continuous usability of equipment. Cargotec is the technology leader in its field, its R&D focusing on innovative solutions that take environmental considerations into account. Cargotec's sales exceed EUR 3 billion and the company employs approximately 12,000 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com