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Press release

6 October 2008

Hiab secures significant orders for load handling equipment in the USA
Cargotecs business area Hiab, that provides load handling solutions has secured significant orders for a total of 428 HIAB loader cranes and 32 MULTILIFT hooklifts from BAE Systems Inc. in the USA. BAE Systems is the premier global defence and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. The end user of the equipment is the US Army. The HIAB 133AT-2 crane and the MULTILIFT MPH085 hooklift both represent the most modern load handling technology and are designed for military use in extreme operating conditions. The equipment will be installed on the US Armys Family of Medium Tactical Vehicles (FMTV). Delivery of the equipment will start during the fourth quarter of 2008, with most of the deliveries taking place during 2009. The total order value is around 15 million euros and the majority of the order was booked in the third quarter.
Hiab is the worlds leading supplier of on-road load handling equipment. The product range includes HIAB loader cranes, LOGLIFT and JONSERED forestry and recycling cranes, MULTILIFT demountables, ZEPRO, FOCOLIFT, AMA, DEL, ULTRON and WALTCO tail lifts, as well as MOFFETT and PRINCETON PIGGY BACK truck-mounted forklifts. In 2007 Hiabs net sales totalled EUR 931 million, it delivered 60,000 load handling units and employed 4,400 people. Hiab operates globally and has production facilities in 10 countries, including China, Estonia, Finland, Ireland, the Netherlands, Poland, South Korea, Spain, Sweden, and the United States. The company has sales companies and representative offices in 33 countries as well as independent importers and distributors in 100 countries around the world. Hiab is part of Cargotec Corporation. Cargotec is the worlds leading provider of cargo handling solutions whose products are used in the different stages of material flow in ships, ports, terminals, distribution centers and local transportation. Cargotec Corporations brands, Hiab, Kalmar and MacGREGOR, are market leaders in their fields and well-known among customers all over the world. Cargotecs sales are EUR 3 billion. The company employs over 11,500 people and operates in close to 160 countries. Cargotecs class B shares are quoted on the NASDAQ OMX Helsinki Ltd. www.hiab.com

Further information for the press: Mikael Anthoni, Senior Vice President Defence Business Development, Cargotec; tel. +358 40 700 5367 Aija Kalander, Vice President External Communications, Cargotec; tel. +358 40 555 1637