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

A total of 11,000 of Konecranes Plc’s new shares were subscribed for under the company’s stock option plans as follows:

Stock option right    Shares       Subscription price
                                                           (EUR/share)

2007 A-series         11,000                           25.72

The full subscription price of EUR 282,920 will be entered in the paid-in capital. Following the related subscriptions, the number of Konecranes Plc shares will increase to 63,089,227. This number includes the shares held by the company.

The shares subscribed for under the stock options were registered in the Trade Register on April 13, 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 April 14, 2011.

Stock options issued under Konecranes Plc’s ongoing stock option plans entitle their holders to subscribe for a total of 2,543,900 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.

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
Media
NASDAQ OMX Helsinki
www.konecranes.com