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SHARE SUBSCRIPTIONS UNDER KONECRANES' STOCK OPTIONS

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SHARE SUBSCRIPTIONS UNDER KONECRANES' STOCK OPTIONS                             


A total of 68,000 new Konecranes shares have been subscribed with stock option  
rights under Konecranes' stock option plans as follows:                         

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| Stock option right         |            Shares  |         Subscription price |
|                            |                    |                (EUR/share) |
--------------------------------------------------------------------------------
| 1997                       |              5,600 |                     6.5175 |
--------------------------------------------------------------------------------
| 2001 B-series              |             22,400 |                       8.50 |
--------------------------------------------------------------------------------
| 2003 C-series              |             40,000 |                       6.25 |
--------------------------------------------------------------------------------

Following these subscriptions the number of Konecranes Plc's shares will        
increase to 60 734 580 shares. The subscription price will be booked in its     
entirety to the paid in capital.                                                

The new shares will be recorded in the Trade Register on 8 August, 2007 and 9   
August, 2007. The new shares will carry shareholders' rights from the date of   
registration. Konecranes will apply for their listing on the Helsinki Stock     
Exchange with the company's existing shares. Trading in the new shares will     
start on or about 10 August, 2007.                                              

The remaining outstanding stock options entitle to subscription of 2,343,840    
shares. The terms and conditions of all Konecranes ongoing stock option plans   
are available on the Investor Relations website at www.konecranes.com.          

Konecranes is a world-leading group of Lifting Businesses™, serving a broad     
range of customers, including manufacturing and process industries, shipyards,  
ports and terminals. Konecranes provides productivity-enhancing lifting         
solutions and services for lifting equipment of every make. In 2006, Group sales
totalled EUR 1483 million. The Group has 7,500 employees, at more than 370      
locations in 41 countries. Konecranes is listed on the OMX Helsinki Stock       
Exchange (symbol: KCR1V).                                                       

KONECRANES PLC                                                                  


Paul Lönnfors                                                                   
IR Manager                                                                      




FURTHER INFORMATION                                                             
Konecranes Plc                                                                  
Teuvo Rintamäki, Chief Financial Officer, tel. +35820 427 2040                  




DISTRIBUTION                                                                    
OMX Helsinki Stock Exchange                                                     
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