MR. RAINER AALTO, DIRECTOR, BUSINESS DEV

KCI KONECRANES PLC                  STOCK EXCHANGE ANNOUNCEMENT  1
                                    17 March, 2004 12.00 noon

MR. RAINER AALTO, DIRECTOR, BUSINESS DEVELOPMENT AND M&A TO LEAVE KCI
KONECRANES

KCI Konecranes' Director, Business Development and M&A, Mr. Rainer
Aalto has reached an agreement with KCI Konecranes Plc according to
which he will leave his position in the Group as of March 31, 2004.

Mr. Aalto will concentrate on pursuing his personal business
interests. Mr. Aalto has also agreed to make himself available for KCI
Konecranes in an advisory capacity, on a part time basis.

“Mr. Rainer Aalto has worked for the Group both in Finland and abroad.
Mr. Aalto has performed his duties excellently. I thank him for his
contributions to the development of KCI Konecranes, says
Mr. Stig Gustavson, President and CEO of KCI Konecranes.

Mr. Antti Vanhatalo, Group Vice President and Mr. Ari-Pekka Salonen,
Director, M & A financials, will take over Mr. Aalto’s present duties.


KCI Konecranes is a world leading engineering group specializing in
advanced overhead lifting solutions and maintenance services. Group
activity is organized along three business areas: Maintenance Services
(50% of Group Sales), Standard Lifting Equipment (26 %) and Special
Cranes (24 %). Group Sales totalled EUR 665 million with over 4350
employees in 34 countries all over the world.

KCI KONECRANES PLC


Franciska Janzon
IR Manager



FURTHER INFORMATION
Stig Gustavson, president & CEO, KCI Konecranes Plc
tel. +358-20 427 2000




DISTRIBUTION
Helsinki Exchanges
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