Company Announcements

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 30 SEPTEMBER 2024 AT 09:45 AM (EEST)

Cargotec has completed share repurchases announced in August

Cargotec has completed the share repurchases announced on 7 August 2024. Cargotec repurchased 400,000 shares at an average price of 46.6784 EUR between 9 August and 27 September 2024. The repurchases were based on the authorisation of the Annual General Meeting on 30 May 2024 and the shares are intended to be used as reward payments for Cargotec's share-based incentive programmes.

Cargotec Corporation now holds a total of 784,050 shares including the shares repurchased.

For further information, please contact:

Mikko Puolakka, Executive Vice President and CFO, tel. +358 20 777 4000
Aki Vesikallio, Vice President, Investor Relations, tel. +358 40 729 1670

Cargotec’s (Nasdaq Helsinki: CGCBV) businesses Hiab and MacGregor enable smarter cargo flow for a better everyday with leading cargo handling solutions and services. Hiab is a leading provider of smart and sustainable on road load-handling solutions, committed to delivering the best customer experience every day with the most engaged people and partners. MacGregor is a leader in sustainable maritime cargo and load handling with a strong portfolio of products, services and solutions. Cargotec's sales in 2023 totalled approximately EUR 2.5 billion and it employs over 6,000 people. www.cargotec.com