Cavotec MSL Holdings Limited (NZX: CCC) is pleased to note that an $18 million secondary share placement to institutional and other habitual investors was executed this morning. The placement was sole lead managed and underwritten by the investment banking firm Goldman Sachs JBWere.

Thirteen current shareholders of Cavotec MSL participated in the transaction, including certain managers, directors and founding shareholders of the company. On average, these shareholders sold approximately 5% of their holdings. Each selling manager shareholder is subject to a standstill on further sales for a minimum period of 6 months.

"In line with our previous statements, we view this as a key step to enhance the liquidity and attractiveness of our company's shares," commented Stefan Widegren, Cavotec MSL's Executive Chairman. "We are delighted to see the market's positive response to this transaction, as the 4 million shares placed this morning equate to some 18 months of historical trading volume."

"This is certainly a milestone in Cavotec MSL's development as a public company, and we hope to see this momentum continue in the coming weeks and months," Widegren continued.

The company would like to remind its shareholders that the Annual General Meeting will be held next week at 11 am on Friday, 27 April, at the Outrigger Clearwater Resort in Christchurch.

For further information contact:

John Polatz
Director of Corporate Finance & Investor Relations
Cavotec MSL Holdings Ltd
investor@cavotec.com
Mobile: +1 305 849 1303