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PEKKA LUNDMARK TO KCI KONECRANES

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KCI KONECRANES PLC                  STOCK EXCHANGE RELEASE   1 (2)
                                    11 August, 20004 10.00 a.m.


PEKKA LUNDMARK TO KCI KONECRANES

The Board of Directors of KCI Konecranes Plc has appointed Mr. Pekka
Lundmark, 40, M.Sc. (Eng), to the position of Group Executive Vice
President, as of August 10, 2004.

The Board has further declared its intention to appoint Mr. Lundmark
to the position of Group President and CEO, as the successor of Mr.
Stig Gustavson, in due time.

The Board expressly states, that no decisions have been taken in
relation to the timing of Mr. Gustavson’s retirement. According to Mr.
Gustavson’s contract, he may retire at the age of 60, which he will
reach on June 17, 2005.

Mr. Lundmark has previously held the position of President and CEO of
Hackman Oyj Abp, Managing Partner of Startupfactory, as well as
various executive positions at Nokia.

In a separate statement, Mr. Stig Gustavson, President and CEO,
welcomes Mr. Lundmark to a KCI Konecranes in a very interesting and
dynamic time. After some years of lower growth, the Group now enjoys
robust growth on all sectors and on most markets. “Since the days of
his work as President of Hackman, where I was the Chairman, I know Mr.
Lundmark very well. I appreciate his skills in executive management,
his creative mind and his integrity.ö On the time for his retirement
Mr. Gustavson commented, “ I have not made any definitive plans.ö

KCI Konecranes will release its H1/2004 Results on Thursday, August
12, 2004 at 10.00 a.m. Mr. Lundmark will be present at the analyst and
press conference held on the same day at 12.00 noon at Marski Hall at
the World Trade Center in Helsinki.


This press release together with a downloadable high-resolution
picture of Mr. Pekka Lundmark is available at KCI Konecranes’ website
for investors www.kcigroup.com at "Latest Press Releases".

KCI Konecranes. 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 %). In 2003, Group Sales totalled EUR 665 million with over
4300 employees in 34 countries all over the world.


KCI KONECRANES PLC



Franciska Janzon
IR Manager


                                                             2 (2)



FURTHER INFORMATION
KCI Konecranes Plc
Stig Gustavson, President & CEO, tel. +358-20 427 2000
Pekka Lundmark, Group Executive Vice President, tel. +358-40-8210638




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