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SUBSCRIPTION OF KCI KONECRANES SHARES UNDER THE 1999B AND 2003A STOCK OPTION

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KCI KONECRANES PLC  STOCK EXCHANGE ANNOUNCEMENT  17 June, 2005 3.40 p.m.   1


SUBSCRIPTION OF KCI KONECRANES SHARES UNDER THE 1999B AND 2003A STOCK OPTION
PLANS

KCI Konecranes stock options under the 1999B and 2003A series have been exercised
to subscribe for a total of 31,500 new KCI Konecranes shares.

Stock options under the 1999B series have been exercised to subscribe for 1500
new shares with a subscription price of EUR 33.00 per share.

Stock options under the 2003 series A have been exercised to subscribe for 30,000
new shares with a subscription price of EUR 19.56 per share.

Following these subscriptions KCI Konecranes' share capital will increase by EUR
63,000, totalling EUR 28,696,260. The total number of shares will increase by
31,500 shares from 14,316,630 to 14,348,130.

The new shares will be recorded in the Trade Register on or about 23 June, 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 27
June, 2005.

The subscription period for all 1999B series options ends on 31 March 2008 and
for all 2003A series options 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 PCL


Franciska Janzon
IR Manager




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




DISTRIBUTION
Helsinki Stock Exchange
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