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CORRECTION: KONECRANES PLC - KONECRANES WITHDRAWS EUR 100 MILLION BANK TERM LOAN

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Konecranes corrects the heading of the stock exchange release sent earlier on October 13, 2011 accordingly:

Konecranes enters into a Bank Term Loan agreement of EUR 100 million

Konecranes has signed a new EUR 100 million five-year Bank Term Loan with Pohjola Bank. The loan will be used for general corporate purposes and to prolong the maturity profile of the Group’s financial liabilities.


KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations



FURTHER INFORMATION
Konecranes Plc
Tomi Hintikka, Group Treasurer, tel. +358 (0)20 427 2042
Miikka Kinnunen, Director, Investor Relations, tel. +358 (0)20 427 2050



Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools of all makes. In 2010, Group sales totaled EUR 1,546 million. The Group has 11,200 employees, at 578 locations in 46 countries. Konecranes is listed on NASDAQ OMX Helsinki (symbol: KCR1V).



DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.konecranes.com

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