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KCI KONECRANES: FINAL SETTLEMENT IN BAAN

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KCI KONECRANES PLC                  STOCK EXCHANGE RELEASE       1
                                    8 September, 2003 09.30 a.m.


KCI KONECRANES: FINAL SETTLEMENT IN BAAN DISPUTE

KCI Konecranes Plc, KCI Konecranes Inc. (KCI Konecranes’ US
subsidiary), Baan Company N.V., Baan International B.V., Baan
Development B.V., Baan USA Inc and SSA Global Technologies, Inc.
(Baans’ new owner) have reached a settlement regarding the terminated
ERP-project (a.k.a. the OMNIMAN-project).

The settlement agreement includes the full and final settlement of all
disputes, in Sweden as well as in the Netherlands and in the United
States.

The details of the settlement agreement are confidential, but will
cause a negative total non-recurring effect on after tax profits of
approx. 5.5 million euros. The settlement agreement does not include
any immediate cash flow effect, but will support the Group’s cash flow
in the future.

KCI Konecranes, headquartered in Finland, is a world leading
engineering group specialising in advanced overhead lifting solutions
and maintenance services. Group activity is organised along three
business areas: Maintenance Services (47% of Group sales) Standard
Lifting Equipment (26%) and Special Cranes (27%). KCI Konecranes is
competing in all parts of the industrial and harbour crane market. In
2002, Group sales totalled EUR 714 million with over 4400 employees in
34 countries all over the world.


KCI KONECRANES PLC


Franciska Janzon
IR Manager



FURTHER INFORMATION
KCI Konecranes Plc
Stig Gustavson, President & CEO Tel.+358 20 427 2000
Teuvo Rintamäki, Chief Operating Officer, Tel. +358 20 427 2040



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