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JP MORGAN CHASE & CO INCREASED ITS HOLDING IN KONECRANES PLC

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KONECRANES PLC  STOCK EXCHANGE ANNOUNCEMENT   2 April, 2007 11.50 a.m.          


JP MORGAN CHASE & CO INCREASED ITS HOLDING IN KONECRANES PLC                    

This is a notice under the Securities Market Act. of Finland, Chapter 2. Section
10:                                                                             

Konecranes has been informed of a change in JPMorgan Chase & Co's and its       
subsidiaries' holdings in Konecranes Plc.                                       

On 29 March, 2007 JPMorgan Chase & Co and its subsidiaries were in possession of
3 313 163 Konecranes shares being 5.497 % of the share capital and voting rights
of Konecranes Plc. Holdings were as follows:                                    

--------------------------------------------------------------------------------
| Fund name                                 |       Shares |     Proportion of |
|                                           |              | share capital and |
|                                           |              |   voting rights % |
--------------------------------------------------------------------------------
| J.P. Morgan Investment Management Inc.    |      153 073 |             0.254 |
--------------------------------------------------------------------------------
| JP Asset Management (Taiwan) Limited      |       40 560 |             0.067 |
--------------------------------------------------------------------------------
| JP Asset Management Limited               |        7 690 |             0.013 |
--------------------------------------------------------------------------------
| J.P. Morgan Asset Management (Japan)      |        8 305 |             0.014 |
| Limited                                   |              |                   |
--------------------------------------------------------------------------------
| JP Morgan Asset Management (UK) Limited   |    3 062 876 |             5.082 |
--------------------------------------------------------------------------------
| J.P. Morgan Securities Ltd.               |       40 659 |             0.067 |
--------------------------------------------------------------------------------
| TOTAL                                     |    3 313 163 |             4.497 |
--------------------------------------------------------------------------------

On the basis of a previous announcement, JPMorgan Chase & Co. and its direct and
indirect subsidiaries were in possession of 4.881 % of the share capital and the
voting rights of Konecranes Plc on 14 March, 2007.                              

Konecranes has a total of 60 272 220 shares. The company has only one class of  
shares and each share entitles to one vote.                                     

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                                                             
Mr Paul Lönnfors, IR Manager, tel. +358 20 427 2050                             




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OMX Helsinki Stock Exchange                                                     
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