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APPOINTMENTS IN THE GROUP MANAGEMENT

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KCI KONECRANES INTERNATIONAL PLC    STOCK EXCHANGE RELEASE   1 (2)
                                    8 January, 2003 3.30 p.m.


APPOINTMENTS IN THE GROUP MANAGEMENT

The Board of Directors of KCI Konecranes International Plc made the
following appointments:

Mr Arto Juosila, M.Sc. (Econ.), 47, is appointed Group Vice President
in charge of the Group's  Asia Pacific operations. Mr. Juosila’s
direct responsibilities include Standard Lifting Equipment operations
in China, Japan and Korea. He is also responsible for the supervision
and administration of Group’s other Business Area operations within
the Region.

Concurrent with this appointment and as of the same day the Group’s
Asia Pacific Headquarters will be relocated from Singapore to
Shanghai, China.

Previously Mr. Juosila held the position of President Standard Lifting
Equipment.

Mr. Arto Juosila reports to Mr. Stig Gustavson, Group CEO.

Mr. Rainer Aalto, B.Sc. (Econ.), 57, is appointed Director, Business
Development. Mr. Aalto will relocate to Group Headquarters from
Singapore where he held the position Group Vice President, Region Asia
Pacific.

Mr. Aalto reports to Mr. Stig Gustavson, Group CEO.

Mr. Pekka Päkkilä, B.Sc. (Eng.), 41, is appointed President of
Standard Lifting Equipment Business Line (SLEQ). Since June 2002 Mr.
Päkkilä has held the position of Director, Industrial Cranes and
Components in SLEQ.

Mr. Päkkilä reports to Mr. Matti Ruotsala, Group COO.

Having reached retirement age in June, 2002, Mr. Charles E.
Vanarsdall, MBA, 65, will leave his current duties as Group Vice
President, Region Americas. Mr. Vanarsdall will continue his
employment in an advisory capacity on a part-time basis.

These appointments are effective as of 1 January, 2003.

Ms. Katri Pietilä, M.Sc. (Econ.), 41, presently Director,
Administration and Communication, will leave her position on February
20, 2003, to continue her career for another employer outside the
Group, in her home town Hämeenlinna.

                                                             2 (2)


The Management of Region Americas as well as the management of the
Administration and Communications function at Group Headquarters, will
be reorganized internally.

KCI KONECRANES INTERNATIONAL PLC


Franciska Janzon
IR Manager




FURTHER INFORMATION
KCI Konecranes International Plc
Mr Stig Gustavson, President and CEO
Tel. +358-20 427 2000




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