INCREASE IN KCI KONECRANES SHARE CAPITAL REGISTERED

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KCI KONECRANES PLC  STOCK EXCHANGE ANNOUNCEMENT  28 December, 2004 12.00 noon 1

INCREASE IN KCI KONECRANES SHARE CAPITAL REGISTERED

Pursuant to KCI Konecranes Plc's 1997 bonds with warrants, 1 400 shares
subscribed with the warrants have been registered in the Finnish Trade Register
on December 28, 2004.

As a result of the subscriptions, the company's registered share capital
increased by EUR 2 800 to EUR 28 620 060 and the total amount of shares increased
to 14 310 030.

Trading in these shares will start on December 29, 2004 on the main list on the
Helsinki Stock Exchange with the company's existing shares.

KCI Konecranes. A world leading engineering group specialising in advanced
overhead lifting solutions and maintenance services. KCI Konecranes is the
world's leading supplier of heavy-duty cranes for process industries and a global
supplier of special cranes for harbours and shipyards. In 2003, Group sales
totalled EUR 665 million with 4350 employees in 34 countries all over the world.

KCI KONECRANES PLC


Franciska Janzon
IR Manager




FURTHER INFORMATION
KCI Konecranes Plc
Teuvo Rintamäki, Chief Financial Officer, tel. +358-20 427 2040




DISTRIBUTION
Helsinki Stock Exchange
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