Konecranes wins large port crane orders in Russia

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Konecranes wins large port crane orders in Russia                               

In September and October 2007 Konecranes signed two contracts to supply         
container-handling cranes to the cargo terminal OJSC Petrolesport (PLP) in St.  
Petersburg, Russia. One of the orders comprises two ship-to-shore (STS) cranes  
and the other six RTG (rubber tyred gantry) cranes. The cranes will be delivered
in mid-2008. The parties have agreed not to disclose the value of the orders.   

PLP is one of the largest stevedoring companies in the port of St. Petersburg.  
PLP belongs to Severstaltrans Group of companies. Cargo traffic is increasing in
Russia, so PLP is increasing its terminal capacity in the St. Petersburg port.  
Konecranes has delivered cranes to PLP's terminal in the past, and the terminal 
has six Konecranes cranes in its fleet, one STS and five RTGs.                  

The ordered STS cranes will be used for loading and unloading Panamax container 
vessels. The cranes have a lifting capacity of 50 tonnes, an outreach of 38     
meters, and are equipped with Konecranes AC electrical control system, which    
allows for smooth and precise movements. The price for a Konecranes STS crane is
in the range of EUR 5-7 million. The six 16-wheel RTGs have a lifting capacity  
of 50 tonnes and can stack one over five containers high and seven wide plus a  
truck lane. The price of a 16-wheel RTG crane varies between EUR 1.1 and 1.4    
million.                                                                        

“These orders are very important to us as they further strengthen our           
cooperation with OJSC Petrolesport,” says Jarmo Juntunen, Director, Ports at    
Konecranes. “The orders also confirm our strong position as key crane supplier  
in ports in the Baltic Sea area.”                                               

Severstaltrans Group of companies is a leading operator on the transport        
services markets of Russia, the CIS countries, and the Baltics. The Group       
comprises more than 20 companies working in various sectors of the transport    
business. The Group is made up of stevedoring companies in Vostochnyy, St.      
Petersburg, and other ports, railway operators, freight shippers and forwarding 
companies. The companies of the Group provide a full range of shipping and      
forwarding services in the area of international and domestic Russian shipping  
via rail, sea, river and ground transportation. The Group specializes in        
arranging multimodal shipping.                                                  

Further information                                                             
Press                                                                           
Juha Aatola, Director, STS cranes                                               
e-mail: juha.aatola@konecranes.com or phone: +358 20 427 2639 

Financial Media and Analysts                                                    
Paul Lönnfors, Investor Relations Manager                                       
e-mail: paul.lonnfors@konecranes.com or phone: +358 20 427 2050

This press release together with a downloadable picture is available at our     
website www.konecranes.com                                                      

Caption:                                                                        
”Konecranes is supplying port cranes to OJSC Petrolesport in Russia.”           

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 2006, Group sales totaled EUR 1483 million. The Group has 8,000       
employees, at more than 370 locations in 41 countries. Konecranes is listed on  
the OMX Helsinki Stock Exchange (symbol: KCR1V).                                

www.konecranes.com

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