Increase in Konecranes' number of shares registered

KONECRANES PLC    STOCK EXCHANGE ANNOUNCEMENT   16 MARCH, 2007                   

Increase in Konecranes' number of shares registered                             

The 36 100 new Konecranes shares subscribed for with the Konecranes' 1997 stock 
option plan have been recorded in the Trade Register on 16 March, 2007.         

The subscription price has been booked according to the decision made by the    
Annual General Meeting of Shareholders on 8 March, 2007 in its entirety to the  
invested non-restricted equity fund. Following these subscriptions the number of
Konecranes' shares increased to 60 181 420 shares and Konecranes' share capital 
remained at the level of EUR 30 072 660.                                        

Trading in with the new shares will start on or about 20 March, 2007.           

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 and services for lifting equipment of every make. In 2006, Group sales
totalled EUR 1,483 million. The Group has 7,500 employees, at more than 370     
locations in 41 countries. Konecranes is listed on the OMX Helsinki Stock       
Exchange (KCR1V).                                                               

KONECRANES PLC                                                                  


Paul Lönnfors                                                                   
IR Manager                                                                      




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




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OMX Helsinki Stock Exchange                                                     
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