KONECRANES PLC - KONECRANES PLC'S SHARE SUBSCRIPTIONS BASED ON STOCK OPTIONS

A total of 146,400 of Konecranes Plc’s new shares were subscribed for under the company’s stock option plans as follows:

The full subscription price of EUR 3,765,408 will be entered in the paid-in capital. Following the related subscriptions, the number of Konecranes Plc shares will increase to 63,241,427. This number includes the shares held by the company.

The shares subscribed for under the stock options were registered in the Trade Register on May 25, 2011 on the basis of which the new shares will establish shareholder rights. Konecranes will apply for their listing, together with its existing shares, on the Main List of the NASDAQ OMX Helsinki. Trading in the new shares will begin on or around May 26, 2011.

Stock options issued under Konecranes Plc’s ongoing stock option plans entitle their holders to subscribe for a total of 3,168,700 shares. The terms and conditions of all of the company’s stock option plans are available at www.konecranes.com > investors > share information > stock option plans.

The subscription period for A-series options under the 2007 stock option plan ended on April 30, 2011

The A-series stock options entitled to subscriptions of a total of 1,000,000 shares. The subscription price was EUR 25.72 per share, and a total of 953,000 new shares were subscribed for under the plan. The full subscription price EUR 24,511,160 has been entered in the paid-in capital. The option rights that were not exercised by the end of the subscription period are no longer valid.

KONECRANES PLC


Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION
Mr Miikka Kinnunen, Director, Investor Relations, tel. +358 20 427 2050

Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools of all makes. In 2010, Group sales totaled EUR 1,546 million. The Group has 10,000 employees at 578 locations in 46 countries. Konecranes is listed on the NASDAQ OMX Helsinki (symbol: KCR1V).


DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.konecranes.com