SUBSCRIPTION OF KCI KONECRANES SHARES UNDER THE 1997 STOCK OPTION PLAN

KCI KONECRANES PLC  STOCK EXCHANGE ANNOUNCEMENT  2 August, 2005  3.30 p.m.  1

SUBSCRIPTION OF KCI KONECRANES SHARES UNDER THE 1997 STOCK OPTION PLAN

KCI Konecranes stock options under the 1997 stock option plan have been exercised
to subscribe for a total of 1,600 new KCI Konecranes shares.

Following these subscriptions KCI Konecranes' share capital will increase by EUR
3,200 totalling EUR 28,699,460. The total number of shares will increase by 1,600
shares from 14,348,130 to 14,349,730.

The new shares will be recorded in the Trade Register on or about 9 August, 2005.
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 10
August, 2005.

The subscription period for all 1997 options ends on 31 October, 2008. 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 PLC



Franciska Janzon
IR Manager



KCI Konecranes. A world leading Engineering Group specialising in advanced
overhead lifting solutions and maintenance services. KCI Konecranes is the
world's leading supplier of heavy-duty cranes for process industries. KCI
Konecranes is a global supplier of special harbour cranes for bulk materials and
containers and a leading provider of shipyard cranes. In 2004, Group sales
totalled EUR 728 million. The Group has 4,850 employees in 35 countries all over
the world.




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




DISTRIBUTION
Helsinki Stock Exchange
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