THE BOARD OF DIRECTORS OF KONECRANES PLC DECIDED TO CONTINUE THE EMPLOYEE SHARE SAVINGS PLAN

KONECRANES PLC  STOCK EXCHANGE RELEASE  March 21, 2013 at 16:00

Konecranes Plc’s Annual General Meeting of Shareholders 2012 decided to implement an Employee Share Savings Plan in the Konecranes Group (the Plan). According to the Board decision, the Plan was offered in 39 countries to approximately 9,000 employees in 2012. During the first Plan Period 2012—2013, the employees’ participation rate was 16 percent globally. Through the Plan, approximately 1,500 employees became shareholders in Konecranes. In Finland, the participation rate was 36 percent.
 
On the basis of interest shown by the Group employees, the Board has on March 21, 2013 decided to launch a new Plan Period. The new plan period will begin on July 1, 2013 and end on June 30, 2014. During the commencing Plan Period, the intention is to offer the Plan, in addition to the current target countries, also in China. The maximum savings amount per participant during one month is 5 percent of gross salary and the minimum is EUR 10. Each participant will receive one free matching share for every two acquired savings shares. Matching shares will be delivered to a participant if the participant holds the acquired shares from the plan period until the end of the designated holding period, February 15, 2017, and if his or her employment has not ended before this date for reasons related to the employee. The total amount of all savings of the commencing plan period may not exceed EUR 8.5 million.

An employee will participate in the Plan for one year at a time. Shares will be acquired with the accrued savings at the market price quarterly, after the publication dates of the Konecranes interim results, commencing in November 2013. Any dividends paid on purchased shares during the commencing Plan period will automatically be reinvested into additional shares on the following purchase date. These shares will have an equal right to matching shares.

“The Employee Share Savings Plan launched last year was well received, and a significant number of our employees have become shareholders in Konecranes. Based on good experiences, we are now happy to continue the Plan and to offer it in more countries. We believe that the Plan will enhance our employee engagement throughout the world and at all levels of our organization”, says Mr Pekka Lundmark, the President and CEO.

KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations

FURTHER INFORMATION
Analysts and Investors:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc,
tel. +358 20 427 2050

Press:
Mikael Wegmüller, Vice President, Marketing and Communications, Konecranes Plc, tel. +358 20 427 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 2012, Group sales totaled EUR 2,170 million. The Group has 12,100 employees, at 626 locations in 48 countries. Konecranes is listed on NASDAQ OMX Helsinki (symbol: KCR1V).

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www.konecranes.com