SUBSCRIPTION PERIOD FOR KONECRANES´ 1999B AND 2003B SERIES OPTION PROGRAMS ENDS

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KONECRANES PLC  STOCK EXCHANGE RELEASE  APRIL 2, 2008  AT 13.30 PM              

Subscription period for Konecranes' 1999B and 2003B series option programs ends 

The subscription period for the B series options under Konecranes 2003 option   
program ended on 31 March, 2008. In total, 800,000 new shares were subscribed   
under the program, which increased Konecranes' share capital by EUR 275,600. The
subscription rights for the 2003B series stock options were fully exercised.    

The Konecranes 1999B option program ended on 31 March, 2008, and 416,000 new    
shares were subscribed under the program, which increased Konecranes share      
capital by EUR 155,400.                                                         

According to the decision made by the Annual General Meeting of Shareholders on 
8 March, 2007, new shares subscribed for under Konecranes' option programs and  
recorded in the Trade Register will no longer increase the share capital, but   
will be booked entirely to the invested non-restricted equity fund. The         
Konecranes 1999B option program entitled to subscriptions of 600,000 shares in  
total. The option rights that were not exercised by the end of the subscription 
period are no longer valid. The terms and conditions of Konecranes' option      
programs are available at www.konecranes.com/investor.                          

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 8,400      
employees, at more than 470 locations in 43 countries. Konecranes is listed on  
the OMX Nordic Exchange Helsinki (symbol: KCR1V).                               


KONECRANES PLC                                                                  


Paul Lönnfors                                                                   
IR Manager                                                                      




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




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OMX Nordic Exchange Helsinki                                                    
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