KCI KONECRANES CONTINUES EXCLUSIVE NEGOTIATIONS WITH R.STAHL AG
KCI KONECRANES PLC STOCK EXCHANGE RELEASE 1 December, 2005 09.30 a.m. 1
KCI KONECRANES CONTINUES EXCLUSIVE NEGOTIATIONS WITH R.STAHL AG KCI Konecranes and R.STAHL AG have agreed to continue negotiations concerning a possible sale of the Material Handling division R. STAHL Fördertechnik to KCI Konecranes. Significant progress has been achieved since the signing of the Memorandum of Understanding on 26 October, 2005. Exclusivity in the negotiations has been extended until year-end and the parties look forward to a successful conclusion and signing of the definitive agreement in the forthcoming weeks. Subject to clearance by the respective merger control authorities, the transaction is expected to close by year-end 2005. About R.STAHL AG Founded in 1876 by Rafael Stahl, R. STAHL is a technology group providing products for demanding special performance areas. The main emphasis is on the Explosion Protection and Material Handling divisions providing over 90% of the group's turnover. Explosion Protection contributes more than 50% of consolidated sales and is the main source of consolidated earnings. For 2005, the group expects to realise sales of EUR 265-275m with some 1,800 employees worldwide. R. STAHL is headquartered in Waldenburg, Germany, and listed on the Frankfurt and Stuttgart stock exchanges. For further information please check our corporate website at MACROBUTTON HtmlResAnchor www.stahl.de. About KCI Konecranes Plc KCI Konecranes is 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 shipyards. KCI Konecranes is a global supplier of special harbour cranes for bulk materials and containers and of mobile container handling equipment like Reach Stackers and Lift Trucks. In 2004, Group sales totalled EUR 728 million. The Group has 5,000 employees in 35 countries. KCI KONECRANES PLC Franciska Janzon IR Manager FURTHER INFORMATION KCI Konecranes Plc Pekka Lundmark, President & CEO, phone: +358-20 427 2000 Teuvo Rintamäki, Chief Financial Officer, phone: +358-20 427 2040 DISTRIBUTION Helsinki Stock Exchange Media