Cargotec's Compensation and Nomination Committee and Audit Committee Present Proposals for Composition of the Board of Directors and Auditors

Cargotec Corporation, Stock Exchange Release, January 26, 2009 at
2.00 p.m. Finnish time

The Nomination and Compensation Committee of Cargotec Corporation
proposes that the number of Board members be six (6) and that no
deputy members be elected. The Nomination and Compensation Committee
proposes for the Annual General Meeting on March 5, 2009, that
current  Board members Tapio Hakakari, Ilkka Herlin, Peter Immonen,
Karri Kaitue and Antti Lagerroos be re-elected to the Board of
Directors.  The Deputy Chairman of the Board, Henrik Ehrnrooth
informed the Committee that he will not stand for re-election to the
Board of Directors. The Nomination and Compensation Committee
proposes that Anja Silvennoinen (49), Senior Vice President, Energy
Business Area, UPM-Kymmene Oyj, be elected as a new member of the
Board. More information on the nominee is available on Cargotec's
internet site www.cargotec.com.

All the nominees have given their consent to Board service. All the
nominees are independent of the company and, with the exception of
Ilkka Herlin, also independent of significant shareholders of the
company. Chairman of the Board Ilkka Herlin is one of the company's
largest shareholders and controls over 20 percent of the company's
voting rights and over 10 percent of its shares.

The Nomination and Compensation Committee proposes that a yearly
remuneration of EUR 80,000 be paid for the Chairman, EUR 55,000 for
the Deputy Chairman and EUR 40,000 for the other Board members. In
addition, members are proposed to receive EUR 500 for attendance at
Board and Committee meetings. According to the proposal, 30 per cent
of the yearly remuneration of the members of the board will be paid
in Cargotec Corporation's class B shares and the rest in money.

The Audit Committee of Cargotec Corporation proposes that two
auditors be elected and that authorized public accountants Johan
Kronberg and PricewaterhouseCoopers Ltd be re-elected. The Audit
Committee proposes that the fees to the auditors be paid according to
invoice.

The proposals above will be included in the notice to the Annual
General Meeting which will be published later.


Futher information:

Kari Heinistö, Senior Executive Vice President, Secretary to the
Board of Directors, tel. +358 (0)204 554542

Minna Karhu, Vice President, Corporate Communications, tel. +358
(0)204 55 4630

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