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OP BANK GROUP CENTRAL CO-OPERATIVE INCREASES HOLDING IN KCI KONECRANES

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KCI KONECRANES PLC                  STOCK EXCHANGE ANNOUNCEMENT 1 (2)
                                    15 October, 2004 6.30 p.m.


OP BANK GROUP CENTRAL CO-OPERATIVE INCREASES HOLDING IN KCI KONECRANES
PLC

This is a notice under Chapter 2, Section 10 of the Finnish Securities
Market Act.

OP Bank Group Central Co-operative (Business ID 0242522-1) notified on
October 15, 2004 KCI Konecranes Plc, that the aggregate holding by its
subsidiaries and affiliated companies has exceeded 5 % of the shares
and voting rights of KCI Konecranes Plc.

OP Bank Group Central Co-operative holds a total of 724,880 shares,
which corresponds to 5,07 percent of the paid up share capital and
voting rights of KCI Konecranes Plc.

KCI Konecranes has only one class of shares. Each share is entitled to
one vote. The share capital is 28,617,260 EUR and the total number of
shares is 14,308,630.

The holdings of the shares and voting rights are distributed between
the group companies as follows:

                                             Number of % of total
                                             shares    shares and
                                                       voting rights
                                             
OKO Bank                                      10 000   0,07
Business ID 0199920-7
Osuuspankkiryhmän Kyösti Haatajan säätiö         500   0,00
Business ID 0116778-5
Osuuspankkiryhmän Tutkimussäätiö               8 400   0,06
Business ID 0215251-8
OP Fund Management Compeny’s mutual funds
Business ID 0743962-2
Op-Delta –mutual fund                        404 200   2,82
Op-Focus - mutual fund                        84 700   0,59
Op-Pirkka - mutual fund                       40 750   0,28
Op-Suomi Kasvu - mutual fund                 138 500   0,97
Op-Tuotto - mutual fund                       37 830   0,26

TOTAL                                        724 880   5,07

KCI KONECRANES PLC


Franciska Janzon
IR Manager



FURTHER INFORMATION
KCI Konecranes Plc
Franciska Janzon, IR Manager, phone +358-40 746 8381


DISTRIBUTION
Helsinki Exchanges
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