KONECRANES NOMINATION AND COMPENSATION COMMITTEE'S PROPOSAL FOR COMPOSITION AND COMPENSATION OF THE BOARD OF DIRECTORS

KONECRANES PLC  STOCK EXCHANGE RELEASE   February 4, 2009 at 8.30 a.m.          

KONECRANES NOMINATION AND COMPENSATION COMMITTEE'S PROPOSAL FOR COMPOSITION AND 
COMPENSATION OF THE BOARD OF DIRECTORS                                          

PROPOSAL ON BOARD COMPOSITION                                                   

Konecranes's Nomination and Compensation Committee proposes to the Annual       
General Meeting of Shareholders on March 12, 2009 the number of Board members be
eight.                                                                          

The Committee proposes that following current Board members be re-elected as    
members of the Konecranes Board of Directors for a term until the close of the  
Annual General Meeting in 2010: Mr Svante Adde, Mr Kim Gran, Mr Stig Gustavson, 
Mr Matti Kavetvuo, Ms Malin Persson and Mr Mikael Silvennoinen.                 

Of the current members of the Board Mr Björn Savén and Mr Timo Poranen have     
announced that they will not be available for re-election.                      

The Committee proposes that Mr Tomas Billing and Mr Tapani Järvinen be elected  
as new members of the Konecranes Board for the term until the close of the      
Annual General Meeting in 2010.                                                 

Mr Tomas Billing is President of Nordstjernan AB, which is one of the larger    
private investment companies in Sweden. One third of Nordstjernan's investments 
are in Finland. Mr Billing holds a graduate degree in Business Administration   
from Stockholm School of Economics. Mr Billing has an extensive working         
experience in investment sector including President of Hufvudstaden AB, Sweden's
second largest listed real estate company and Director at the investment company
AB Custos, Sweden, where he was responsible for the investment in Hufvudstaden. 

Mr Tapani Järvinen is the President and CEO of Outotec Oyj, which is a leading  
global provider of process solutions, technologies and services for the mining  
and metallurgical industries.	He holds Lic.Sc. (Tech.) from Helsinki University 
of Technology. Mr Järvinen has an extensive working experience from diverse top 
management positions in Outokumpu including President and CEO of Outokumpu      
Technology, Finland, Executive Vice President and Member of the Group Executive 
Committee, Outokumpu Oyj, Finland and General Manager and CEO of Compañía Minera
Zaldívar, Chile.                                                                

The Committee's aim is to see to that the number of the directors and the       
composition of the board shall make it possible for the board to discharge its  
duties in an efficient manner. The composition shall take into account the needs
of the company operations and the development stage of the company. The         
Committee as well as the entire Konecranes Board consider that Mr Tomas Billing 
and Mr Tapani Järvinen meet the requirements of having versatile expertise and  
experience that compliment the Konecranes Board.                                

CVs of the proposed Board members are attached.                                 

All candidates have given their consent to the election.                        

With the exception of Mr Stig Gustavson, the candidates are deemed to be        
independent of the company under the Finnish Corporate Governance Code. Mr      
Gustavson is deemed dependent of the company based on the Board's overall       
evaluation relating to his former and current positions in Konecranes combined  
with his substantial shareholding in the Company.                               

All candidates are independent of significant shareholders of the company.      

COMPENSATION OF THE BOARD OF DIRECTORS                                          

The Nomination and Compensation Committee proposes that the remuneration payable
to the members of the Board to be elected at the Annual General Meeting for the 
term until the close of the Annual General Meeting in 2010 be unchanged from    
2008 as follows: Chairman of the Board EUR 100,000, Vice Chairman of the Board  
EUR 64,000 and other Board Members EUR 40,000. The Committee proposes that      
approximately 40 percent of the annual remuneration be paid in Konecranes's     
shares purchased from the market. The remuneration may be paid also by          
transferring company's own shares based on the authorisation given to the Board 
of Directors. In case the purchase of shares cannot be carried out due to       
reasons related to either the company or the Board member, the annual           
remuneration shall be paid fully in cash. In addition, compensation of EUR 1,500
per meeting is proposed for attendance at Board committee meetings. No          
remuneration will be paid for Board members employed by the Company. Travel     
expenses of Board members are compensated for against receipt.                  


KONECRANES PLC                                                                  


Sanna Päiväniemi                                                                
IR Manager                                                                      


FURTHER INFORMATION                                                             
Sanna Päiväniemi, IR Manager, tel. +358 (0)20 427 2050                          


DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Ltd                                                         
Media                                                                           
www.konecranes.com                                                              


ATTACHEMENT:                                                                    

ADDITIONAL INFORMATION RELATING TO THE PROPOSAL BY THE NOMINATION AND           
COMPENSATION COMMITTEE FOR COMPOSITION OF THE BOARD OF DIRECTORS                

Stig Gustavson b. 1945                                                          
Chairman of the Board                                                           
Dependent of the company                                                        
Independent of significant shareholders                                         
M.Sc. (Eng.), Dr.Tech. (hon.)                                                   

Primary working experience                                                      
President and CEO of Konecranes Plc 1994-2005 and President of KONE Cranes      
division 1988-1994. Holder of various executive positions at KONE Corporation   
1982-1988, Sponsor Oy 1978-1982, RAY (Raha-Automaattiyhdistys) 1976-1978,       
Wärtsilä Oy Ab 1970-1976                                                        

Other current key positions of trust                                            
Chairman of the Boards of Handelsbanken Regional Bank Finland, Dynea Oy,  Arcada
Foundation, Cramo Oyj, The Technology Academy Foundation; Vice-Chairman of the  
Board of Oy Mercantile Ab; Member of the Board of Vaisala Oyj, Chairman of the  
Supervisory Board of Tampere University of Technology; Member of the Supervisory
Board of Varma Mutual Pension Insurance Company                                 

Shares 2,034,370                                                                


Svante Adde b. 1956                                                             
Board member since 2004 and member of the Audit Committee since 2004 and        
Chairman since 2008                                                             
Independent of the company and significant shareholders                         
B.Sc. (Econ. and Business Administration)                                       
                                                                                
Primary working experience                                                      
Managing Director, of Pöyry Capital, London 2007-; Managing Director of Compass 
Advisers, London 2005-2007; Chief Financial Officer of Ahlstrom Corporation     
2003-2005; Managing Director, Lazard London and Stockholm 2000-2003; Director of
Lazard London 1989-2000, Citibank 1979-1989                                     

Shares 2,895                                                                    


Kim Gran b. 1954                                                                
Board member since 2007 and member of Audit Committee since 2007                
Independent of the company and significant shareholders                         
B.Sc. (Econ)                                                                    

Primary working experience                                                      
President and CEO, Nokian Tyres plc since 2000; Vice President of Nokian Tyres, 
Car and Van tyres 1995-2000                                                     

Other key positions of trust                                                    
Chairman of the Board of The Rubber Manufacturers' Association. Board member of 
Nokian Tyres plc, Chemical Industry Federation of Finland (vice-chairman), YIT  
Plc, Confederation of Finnish Industries (EK) and Finnish-Russian chamber of    
Commerce (FRCC). Supervisory Board member of Ilmarinen.                         

Shares 1,979                                                                    


Matti Kavetvuo b. 1944                                                          
Board member since 2001 and member of the Audit Committee since 2004.           
Independent of the company and significant shareholders                         
M.Sc. (Eng.), B.Sc. (Econ.)                                                     

Primary working experience                                                      
CEO of Pohjola Group Plc 2000-2001; CEO of Valio Ltd 1992-1999; CEO of Orion    
Corporation 1985-1991; President of Instrumentarium Corp. 1979-1984             

Other key positions of trust                                                    
Chairman of the Boards of Orion Corporation 2004-, Metso Corporation 2003-,     
Marimekko Corporation 2007-2008 (Member of the Board 1997-2008) and Suominen    
Corporation 2002-2006 (Member of the Board 2001-2006)                           
Vice Chairman of the Boards of Alma Media Corporation 2005- (Member of the Board
2000-)and Kesko Corporation 2003-2006                                           
Member of the Boards of Lassila&Tikanoja Plc 2008-, 1998-2001, 1984-1988, Perlos
Corporation 2003-2006, Lännen Tehtaat Plc 2003-2004, Finnlines Plc 2000-2002,   
UPM-Kymmene Corporation 2000-2001                                               
Corporation Member of the Finnish Association of Professional Board Members     

Shares 2,895                                                                    


Malin Persson b. 1968                                                           
Board member since 2005 and member of the Nomination and Compensation Committee 
since 2005                                                                      
Independent of the company and significant shareholders                         
M.Sc. (Eng.)                                                                    

Primary working experience                                                      
President and CEO, Volvo Technology Corporation. Previously holder of various   
positions including Vice President, Corporate Strategy and Business Development,
AB Volvo, Vice President, Business & Logistics Development, Volvo Logistics     
Corp.                                                                           

Other current key positions of trust                                            
Chairman of the Council of Technology Management and Economics at the Chalmers  
University of Technology; Member of the Boards of Hexpol AB, Volvo Trucks AB,   
Volvo Technology Transfer AB and Universeum AB.                                 

Shares 1,895                                                                    


Mikael Silvennoinen b. 1956                                                     
Board member since 2008.                                                        
Independent of the company and significant shareholders                         
Master of Economics (Finance and Accounting)                                    

Primary working experience:                                                     
President and CEO of Pohjola Bank Plc and a member of the Group's Executive     
Board since 1997                                                                

Other current key positions of trust                                            
Chairman of the Board of Pohjola Insurance Group Plc and a member of the        
Steering Committee of Unico Banking Group                                       

Shares: 679                                                                     


Tomas Billing b. 1963                                                           
Graduate degree in Business Administration                                      
Independent of the company and significant shareholders                         

Primary working experience:                                                     
President, Nordstjernan AB 1999- ; President, Hufvudstaden AB 1997 - 1999;      
Director, AB Custos 1996 - 1997; President,Monark Bodyguard (subsidiary to      
Monark Stiga) 1994 - 1996; Investment Manager and member of the Group Executive 
Committee, Proventus AB 1989 - 1994; Fixed Income Salesman, Salomon Brothers    
International Ltd, 1987 - 1989                                                  

Other current key positions of trust:                                           
Chairman of NCC AB, Nordstjernan Industriutveckling AB, Välinge Flooring        
Technology AB. Board member of Etac AB.                                         

Shares: -                                                                       


Tapani Järvinen b. 1946                                                         
Lic. Sc. (Tech.)                                                                
Independent of the company and significant shareholders                         

Primary working experience:                                                     
President and CEO of Outotec Oyj. Prior to this he has held diverse top         
management positions in Outokumpu including President and CEO of Outokumpu      
Technology, Finland, Executive Vice President and Member of the Group Executive 
Committee, Outokumpu Oyj, Finland and General Manager and CEO of Compañía Minera
Zaldívar, Chile.                                                                

Other current key positions of trust:                                           
Member of the Board of Okmetic Oyj, Normet Oyj and Association of Finnish Steel 
and Metal Producers. Chairman of the Cleantech Finland Business Forum.          

Shares: -

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