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SUBSCRIPTION OF KCI KONECRANES SHARES UNDER THE 1999A AND 2001A STOCK OPTION

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KCI KONECRANES PLC  STOCK EXCHANGE ANNOUNCEMENT   5 April, 2005 1.15 p.m.  1


SUBSCRIPTION OF KCI KONECRANES SHARES UNDER THE 1999A AND 2001A STOCK OPTION
PLANS

KCI Konecranes stock options under the 1999A and 2001A series have been exercised
and therefore 3,000 new shares per plan (in total 6,000 shares) have been
subscribed for. The subscription price for the 1999A options was EUR 33.00 per
share and respectively for the 2001A options EUR 34.00 per share.

Following these subscriptions KCI Konecranes' share capital will increase by EUR
12,000, totalling EUR 28,633,260. The total number of shares will increase by
6,000 shares from 14,310,630 to 14,316,630.

The new 6,000 shares will be recorded in the Trade Register on or about 3 May
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 4 May 2005.

The subscription period for all 1999A serie options ended on 31 March 2005. On
the basis of the 1999A series option program, an aggregate of 3,600 shares were
subscribed and the share capital increased by a total of EUR 7,200. The 1999A
stock option plan would have entitled to a maximum subscription of 150,000 shares
and a maximum increase of the share capital of EUR 300,000. The option rights
that were unused at the end of the subscription period are no longer valid.

The subscription period for all 2001A series options ends on 31 March 2007. 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. 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.

KCI KONECRANES PLC


Franciska Janzon
IR Manager




FURTHER INFORMATION
KCI Konecranes Plc
Teuvo Rintamäki, Chief Financial Officer
Phone +358 20 427 2040, Fax +358 20 427 2099




DISTRIBUTION
Helsinki Stock Exchange
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