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2015-04-21

Cargotec Corporation: World's first subsea mining vessel to be equipped with MacGregor subsea cranes

CARGOTEC CORPORATION, PRESS RELEASE 21 APRIL 2015 AT 1 PM (EEST)

MacGregor, part of Cargotec, has been awarded a contract by Fujian Mawei
Shipbuilding Limited for two subsea knuckle boom cranes to be installed on
the world's first seabed mining vessel. Delivery of the cranes is scheduled
for Q1/2017. The order was booked into first quarter 2015 order intake.

The 227m production support vessel has a beam of 40m. It has been designed by
Singapore's SeaTech Solutions for Dubai-based owner Marine Assets Corporation
(MAC). Following delivery at the end of 2017, it will operate under long-term
charter to Canadian seafloor exploration company Nautilus Minerals Inc.

The MacGregor order consists of two knuckle boom cranes; a 200t active
heave-compensation (AHC) subsea crane with the capability to operate to a
depth of 2,500m, and a smaller 100t subsea crane.

Mike Johnston
, CEO of Nautilus Minerals, says, "We are very pleased to have such a world
class supplier providing key equipment for use on our Production Support
Vessel. The cranes are an essential component in ensuring operations can be
performed safely across all of our large working deck areas. We look forward
to reporting on the progress of this equipment as we move closer to
production in 2018."

"We are delighted that we have been chosen to supply the cranes for this
exciting and prestigious new vessel," says Tom Svennevig, Vice President,
Offshore Load Handling, MacGregor. "The demands of offshore operations are
constantly changing. At MacGregor, we work hard to understand our customers'
requirements and to ensure that we are always ahead of the competition in our
ability to offer exactly the right hardware for the job, supported by our
global service infrastructure."

Further information for the press:

Tom Svennevig, Vice President, Offshore Load Handling, MacGregor, tel. +47
90945 330
tom.svennevig@macgregor.com

Heli Malkavaara, Communications Manager, MacGregor, tel. +358 20 777
4500,heli.malkavaara@macgregor.com

Further information for investors:

Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084

MacGregor offers world leading engineering solutions and services for handling
marine cargoes and offshore loads. The scope of our integrated packages is
growing and now also includes Hatlapa, Porsgrunn, Pusnes and Triplex
products.

MacGregor serves the offshore, maritime transportation and naval logistics
markets in ports and terminals as well as on board ships and rigs. MacGregor
solutions combine load and cargo access, stowage, care and handling functions
to optimise lifetime profitability, productivity and environmental
sustainability.www.macgregor.com
MacGregor is part of Cargotec. Cargotec's sales totalled approximately EUR 3.4
billion in 2014 and it employs approximately 11,000 people. Cargotec's class
B shares are quoted on NASDAQ OMX Helsinki Ltd under symbol
CGCBV.www.cargotec.com

Picture
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cargotec Corporation via Globenewswire

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