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KONECRANES INC. SUBSIDIARY INCREASES ITS STAKE IN MMH HOLDINGS, INC. TO 90.9%

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KCI KONECRANES PLC    STOCK EXCHANGE RELEASE    5 June, 2006 11.15 a.m.    1


KONECRANES INC. SUBSIDIARY INCREASES ITS STAKE IN MMH HOLDINGS, INC. TO 90.9%

HMM Acquisition Corp., a wholly owned Konecranes Inc. subsidiary, has further
increased its shareholding in MMH Holdings, Inc., the owner of U.S. based Morris
Material Handling, Inc. to approx. 90.9%. The consideration for the additional
stake amounts to approx. USD 10.3 million.

KCI Konecranes will present in more detail the financial effects of the
acquisition on Wednesday 7 June once the outcome of due diligence investigations
allows such assessments. KCI Konecranes organises a Capital Markets Day on
Wednesday 7 June and the presentation by Pekka Lundmark, President & CEO, can be
followed as a live webcast on www.konecranes.com.

The prior announcements regarding HMM Acquisition Corp.'s acquisition of a 59.2%
stake and an increase to 74.5% stake of MMH Holdings, Inc. were published on 19
May and on 26 May 2006 respectively.

Morris Material Handling, Inc. has over 120 years of history in North America and
is a recognised player in the maintenance service and overhead crane industry.
Morris Material Handling, Inc. has its headquarters in Oak Creek, Wisconsin.
Annual sales for the company in fiscal year 2005 were approximately USD 170 M.
First half of fiscal year 2006 sales were USD 102 M, with an operating profit of
USD 5.5 M (5.4% of sales). The company has approximately 980 employees.  This
information is based on Morris Materials Handling Inc.'s financial update
published on May 10, 2006.

KCI Konecranes is a world leading crane technology and service-company.
Maintenance services are provided for cranes of every make. The product range
includes light crane systems, heavy-duty cranes for process industries and
shipyards, special harbour cranes for bulk materials and containers as well as
reach stackers and lift trucks. In 2005, Group sales totalled EUR 971 million.
The Group has over 6,000 employees in 38 countries. KCI Konecranes is listed on
the Helsinki Stock Exchange (symbol: KCI1V).

KCI KONECRANES PLC


Franciska Janzon
IR Manager




FURTHER INFORMATION
Mr. Teuvo Rintamäki, CFO, tel. + 358-20 427 2040




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