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SHARE SUBSCRIPTIONS UNDER KCI KONECRANES' STOCK OPTIONS

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KCI KONECRANES PLC  STOCK EXCHANGE ANNOUNCEMENT  2 August, 2006 12.15 p.m.   1


SHARE SUBSCRIPTIONS UNDER KCI KONECRANES' STOCK OPTIONS

A total of 178 800 new KCI Konecranes shares have been subscribed with stock
option rights under KCI Konecranes' stock option plans as follows:

 Stock option right Shares   Subscription      
                             price             
                             (EUR/share)       
 1997               9 600    6.5175            
 1999 B-series      16 800   8.25              
 2001 A-series      12 400   8.50              
 2003 B-series      140 000  5.405             

Following these subscriptions KCI Konecranes' share capital will increase by EUR
89 400 totalling EUR 29 846 260. The number of shares will increase to 59 692 520
shares.

The new shares will be recorded in the Trade Register on or about 9 August, 2006
(shares subscribed under 1997 stock options) and 10 August, 2006 (shares
subscribed under 1999 B-series, 2001 A-series and 2003 B-series stock options).
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 all new shares will start on or about 11
August, 2006.

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.
Maintenance services are 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
reach stackers and lift trucks. In 2005, Group sales totalled EUR 971 million.
The Group has approximately 7,000 employees in 38 countries. 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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