KONECRANES PLC´S ANNUAL GENERAL MEETING APPROVED EMPLOYEE SHARE SAVINGS PLAN

KONECRANES PLC  STOCK EXCHANGE RELEASE  MARCH 22, 2012 at 02:35 p.m.

Konecranes Plc’s Annual General Meeting of shareholders approved the Employee Share Savings Plan proposed by Konecranes’ Board of Directors. The plan will be the first of its kind in Finland and is planned to commence on July 1, 2012.

The Employee Share Savings Plan will be offered to Konecranes employees in countries where there are no legal, administrative or taxation restraints. Suitable plans for other countries are being investigated.

In the Employee Share Savings Plan, Konecranes employees will be given the opportunity to save a portion of their salary for purchasing Konecranes shares. Participation in the plan is encouraged by offering one free share for every two savings shares after a designated holding period of approximately three years. Free shares are taxable income for the recipient.

Konecranes has been looking for a way to reward its employees that supports long-term commitment to the company. The aim of the Employee Share Savings Plan is to encourage Konecranes employees to become shareholders in the company, and to reward the employees for their efforts in working towards Konecranes’ goals, now and in the future. Another objective is to strengthen the tie between Konecranes shareholders and employees.

“I’m very pleased that the Annual General Meeting approved the Employee Share Savings Plan,” says Pekka Lundmark, President and CEO of Konecranes. “We will now be able to proceed and offer our employees a program that I expect to benefit all key stakeholders.”

Participation in the plan is voluntary, and the intention is that employees will participate in the plan for one year at a time. The maximum amount that can be saved for purchasing shares is 5 percent of the gross annual salary for each participant.

More detailed information on the plan is available in the Annual General Meeting stock exchange release issued on March 22, 2012.

KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations



FURTHER INFORMATION
Mikael Wegmüller, Vice President, Marketing and Communications, tel. +358 20 427 2008
Miikka Kinnunen, Director, Investor Relations, tel. +358 427 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 2011, Group sales totaled EUR 1,896 million. The Group has 11,700 employees at 609 locations in 47 countries. Konecranes is listed on the NASDAQ OMX Helsinki (symbol: KCR1V).

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