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KCI Konecranes' Board of Directors proposes extra dividend

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KCI KONECRANES PLC     STOCK EXCHANGE RELEASE      5 November, 2004 10.50 am   1


KCI KONECRANES' BOARD OF DIRECTORS PROPOSES EXTRA DIVIDEND

The Board of Directors of KCI Konecranes Plc has decided to convene an
Extraordinary General Meeting of the Shareholders of KCI Konecranes Plc on
Friday, 10 December 2004. The Board of Directors proposes that, in addition to
the dividend approved by the Annual General Meeting on March 4, 2004, an
additional dividend of EUR 1 per share be paid on the basis of the Balance Sheet
for the financial year that ended on 31 December 2003.

The Board of Directors emphasises the extraordinary nature of the proposed
additional dividend. There is no reference made to the dividend policy of the
Company. The Board confirms the continuation of the Group's active acquisition
policy. The extra dividend will not impair the Group's capabilities in this
respect.

If the Extraordinary General Meeting approves the Board of Directors' proposal,
the additional dividend will be paid to KCI Konecranes Plc's shareholders entered
in the shareholders' register maintained by the Finnish Central Securities
Depository Ltd. on the record date, on 15 December 2004. The date of the dividend
payment would be 22 December 2004.

Shareholders being entered in the company's shareholder register maintained by
the Finnish Central Securities Depository Ltd. on no later than 30 November 2004
have the right to attend the Extraordinary General Meeting.

The invitation to the Extraordinary Shareholders' Meeting will be published on
Monday, 15 November 2004 and is also available on KCI Konecranes' Investor
homepage kcigroup.com as of the same date.


KCI Konecranes. A world leading engineering group specializing in advanced
overhead lifting solutions and maintenance services. Group activity is organized
along three business areas: Maintenance Services (50% of Group Sales), Standard
Lifting Equipment (26 %) and Special Cranes (24 %). In 2003, Group Sales totalled
EUR 665 million with over 4300 employees in 34 countries all over the world.

KCI KONECRANES PLC


Franciska Janzon
IR Manager




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




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Helsinki Stock Exchange
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