SHARE SUBSCRIPTIONS UNDER KCI KONECRANES' 1997, 1999B, 2001A AND 2003A STOCK

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KCI KONECRANES PLC  STOCK EXCHANGE ANNOUNCEMENT  15 December, 2005  12.30 noon 1

SHARE SUBSCRIPTIONS UNDER KCI KONECRANES' 1997, 1999B, 2001A AND 2003A STOCK
OPTION PLANS

A total of 131,800 new KCI Konecranes shares have been subscribed under the stock
option plans as follows:

 Stock option   Shares   Subscription price        
                         (EUR/share)        
 1997           106,400  26.07              
 1999B          9,100    33.00              
 2001A          11,300   34.00              
 2003A          5,000    19.56              

Following these subscriptions KCI Konecranes' share capital will increase by EUR
263,600 totalling EUR 28,972,060. The number of shares will increase by 131,800
shares to 14,486,030 shares.

The new shares will be recorded in the Trade Register on or about 23 December
(shares subscribed under 1997 stock option plan) and 27 December, 2005 (shares
subscribed under 1999B, 2001A and 2003A stock option plans). The new shares will
carry shareholders' rights from the date of registration. KCI Konecranes will
apply for their listing on the Helsinki Stock Exchange with the company's
existing shares. Trading in these shares will start on or about 27 December and
28 December, 2005 respectively.

The terms and conditions of all KCI Konecranes ongoing stock option plans are
available on the Investor Relations website at www.konecranes.com/investor.

KCI Konecranes is a world leading crane technology and service company. The
company is organized along three business areas, Maintenance Services, Standard
Lifting Equipment and Special Cranes. Service is provided for cranes of every
make. The product range includes light crane systems, heavy-duty cranes for
process industries and shipyards, special harbour cranes for bulk materials and
containers as well as mobile container handling equipment like Reach Stackers and
Lift Trucks. In 2004, Group sales totalled EUR 728 million. The Group has 5,000
employees in 35 countries all over the world. KCI Konecranes is listed on the
Helsinki Stock Exchange (symbol: KCI1V).


KCI KONECRANES PLC


Franciska Janzon
IR Manager




FURTHER INFORMATION
KCI Konecranes Plc
Teuvo Rintamäki, Chief Financial Officer, tel. +358-20 427 2040




DISTRIBUTION
Helsinki Stock Exchange
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