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SHARE SUBSCRIPTIONS UNDER KONECRANES 1997 STOCK OPTION PLAN

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KONECRANES PLC  STOCK EXCHANGE RELEASE   NOVEMBER 7, 2008 AT 2.30 P.M.          


SHARE SUBSCRIPTIONS UNDER KONECRANES 1997 STOCK OPTION PLAN                     

A total of 45,884 new Konecranes shares have been subscribed for with stock     
options under Konecranes 1997 stock option plan. The share subscription price   
was EUR 6.5175/share.                                                           

The total subscription price, EUR 299,048.97 will be booked to the paid in      
capital.                                                                        

The new shares will be recorded in the Trade Register on or about November 14,  
2008.                                                                           

The subscription period for the options under Konecranes 1997 stock option plan 
ended on October 31, 2008.                                                      

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 as well as services for lifting equipment and machine tools of all    
makes. In 2007, Group sales totaled EUR 1,750 million. The Group has 9,600      
employees, at more than 470 locations in 43 countries. Konecranes is listed on  
the OMX Nordic Exchange Helsinki (symbol: KCR1V).                               

KONECRANES PLC                                                                  



Sanna Päiväniemi                                                                
IR Manager                                                                      




FURTHER INFORMATION                                                             
Konecranes Plc                                                                  
Teo Ottola, Chief Financial Officer, tel. +358 20 427 2040                      




DISTRIBUTION                                                                    
OMX Nordic Exchange Helsinki                                                    
Media                                                                           
www.konecranes.com

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