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KCI KONECRANES CONTINUES TO ACQUIRE ITS

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KCI KONECRANES INTERNATIONAL PLC    STOCK EXCHANGE RELEASE       1
                                    12 February, 2003 9.30 a.m.


KCI KONECRANES CONTINUES TO ACQUIRE ITS OWN SHARES

The Annual General Meeting granted on 7 March, 2002 the Board of
Directors of KCI Konecranes International Plc the authorisation to
repurchase the Company’s own shares up to a maximum 750,000 shares. In
accordance with the authorisation the Company repurchased 391,370
shares in 2002, which together with the earlier acquired 300,000
shares in 1999 were invalidated according to a decision by an
Extraordinary General Meeting on December 20, 2002.

The Board of Directors today resolved to continue the repurchase of
the Company’s own shares, a maximum amount of 358,630 shares can be
repurchased under the current authorisation.

Purchases will commence no earlier than 20 February 2003 and purchases
will end no later than 5 March 2003.


KCI Konecranes, headquartered in Hyvinkää, Finland 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. KCI Konecranes
is a global supplier of special harbour cranes for bulk materials and
containers and a leading provider of shipyard cranes. In 2002, Group
sales totalled EUR 714 million with over 4400 employees in 34
countries all over the world.

KCI KONECRANES INTERNATIONAL PLC


Franciska Janzon
IR Manager




FURTHER INFORMATION
KCI Konecranes International Plc
Teuvo Rintamäki, Chief Financial Officer
Phone +358 20 427 2040



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