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KONECRANES INVESTIGATES POSSIBLE SALE OF A CONSIDERABLE PART OF ITS FINNISH REAL ESTATE

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KCI KONECRANES PLC  STOCK EXCHANGE ANNOUNCEMENT  30 November, 2006 2.30 p.m. 1


KONECRANES INVESTIGATES POSSIBLE SALE OF A CONSIDERABLE PART OF ITS FINNISH REAL ESTATE

Konecranes return on capital employed is currently 26.6 percent, but its ambition
level is higher. As part of its capital efficiency programme, Konecranes is now
also studying the possibility to release capital by selling real estate for the
use of its rapidly growing core business.

The facilities in question, located in Hyvinkää and Hämeenlinna, Finland, which
are currently mainly in production, warehousing and office use, comprise
approximately 73,000 square metres on a total land area of roughly 240,000 square
metres.

No decision to sell the real estate has been made. The decision will be made
based on the outcome of the study. After the potential transaction, the companies
currently operating in the facilities are planned to continue their normal
operations under operating lease agreements. The possible agreements could be
finalized during the first quarter of 2007.

Advium Corporate Finance, eQ Bank Ltd. is acting as Konecranes' financial
advisor, and will also determine the market value of the properties.

Konecranes is a world-leading group of lifting businesses, serving a broad range
of customers, including manufacturing and process industries, shipyards and
harbours. Konecranes provides productivity-enhancing lifting solutions and
services for lifting equipment of every make. In 2005, Group sales totalled EUR
971 million. The Group has over 7,000 employees, at more than 340 locations in 41
countries. Konecranes is listed on the OMX Helsinki Stock Exchange (symbol:
KCI1V).

KCI KONECRANES PLC


Teuvo Rintamäki
Chief Financial Officer


FURTHER INFORMATION
Mr. Teuvo Rintamäki, Chief Financial Officer
Tel. +358 20 427 2040


DISTRIBUTION
OMX Helsinki Stock Exchange
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