THE BOARD OF DIRECTORS OF KONECRANES PLC WITHDRAWS ITS PROPOSALS ON AUTHORIZING THE BOARD TO DECIDE ON THE REPURCHASE OF THE COMPANY'S OWN SHARES AND ON THE ISSUANCE OF SHARES AS WELL

KONECRANES PLC STOCK EXCHANGE RELEASE   March 12, 2009 at 10.30 am              

THE BOARD OF DIRECTORS OF KONECRANES PLC WITHDRAWS ITS PROPOSALS ON AUTHORIZING 
THE BOARD TO DECIDE ON THE REPURCHASE OF THE COMPANY'S OWN SHARES AND ON THE    
ISSUANCE OF SHARES AS WELL AS OTHER SPECIAL RIGHTS ENTITLING TO SHARES          

The Annual General Meeting of Konecranes will be held today, Thursday 12        
March 2009 starting at 11 am Finnish time at the Company's auditorium in        
Hyvinkää, Finland.                                                              

The Board of Directors of Konecranes Plc has decided to withdraw its proposals  
on authorizing the board to decide on the repurchase of the company's own shares
and authorizing the board to decide on the issuance of shares as well as other  
special rights entitling to shares. The proposals that were the items 16 and 17 
in the Notice to the General Meeting are enclosed to this release.              

The decision to withdraw the proposals was made as the Board of Directors was   
informed about the instructions from certain foreign shareholders to their      
representatives to vote against the proposals.                                  

In Hyvinkää, March 12, 2009                                                     

Konecranes Plc                                                                  

The Board of Directors                                                          


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 2008, Group sales totaled EUR 2,103 million. The Group has 9,900      
employees, in 485 locations in 43 countries. Konecranes is listed on NASDAQ OMX 
Helsinki Ltd (symbol: KCR1V).                                                   

KONECRANES PLC                                                                  

Sanna Päiväniemi                                                                
IR Manager                                                                      


FURTHER INFORMATION                                                             
Ms Sirpa Poitsalo, Director, General Counsel, tel. +358 20 427 2011             


DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Ltd                                                         
Media                                                                           
www.konecranes.com                                                              


ATTACHMENT                                                                      

16. Authorizing the Board of Directors to decide on the repurchase of the       
Company's own shares                                                            

The Board of Directors proposes to the General Meeting that the Board of        
Directors be authorized to decide on the repurchase of the Company's own shares 
as follows:                                                                     

The amount of own shares to be repurchased shall not exceed 12,000,000 shares,  
which corresponds to approximately 19.5 % of all of the shares in the Company.  
However, the Company together with its subsidiaries cannot at any moment own    
more than 10 per cent of all the shares in the Company. Only the unrestricted   
equity of the Company can be used to repurchase own shares on the basis of the  
authorization.                                                                  

Own shares can be repurchased at a price formed in public trading on the date of
the repurchase or otherwise at a price formed on the market.                    

The Board of Directors decides how own shares will be repurchased. Own shares   
can be repurchased using, inter alia, derivatives. Own shares can be repurchased
otherwise than in proportion to the shareholdings of the shareholders (directed 
repurchase).                                                                    

The authorization cancels the authorization given by the General Meeting on 13  
March 2008 to decide on the repurchase of the Company's own shares.             

The authorization is effective until the end of the next Annual General Meeting,
however no longer than until 11 September 2010.                                 
                                                                                

17. Authorizing the Board of Directors to decide on the issuance of shares as   
well as the issuance of options and other special rights entitling to shares    

The Board of Directors proposes to the General Meeting that the Board of        
Directors be authorized to decide on the issuance of shares as well as the      
issuance of options and other special rights entitling to shares referred to in 
chapter 10 section 1 of the Finnish Companies Act as follows:                   

The amount of shares to be issued based on this authorization shall not exceed  
18,000,000 shares, which corresponds to approximately 29.2 % of all of the      
shares in the Company.                                                          

The Board of Directors decides on all the conditions of the issuance of shares  
and of special rights entitling to shares. The authorization does not concern   
decisions regarding stock option programs for the personnel but it can be used  
to create other share-based incentive programs. The authorization concerns both 
the issuance of new shares as well as the transfer of treasury shares. The      
issuance of shares and of special rights entitling to shares may be carried out 
in deviation from the shareholders' pre-emptive rights (directed issue).        

The authorization cancels the authorization given by the General Meeting on 13  
March 2008 to decide on the transfer of treasury shares, the issuance of shares 
as well as the issuance of options and other special rights entitling to shares.

The authorization is effective until the end of the next Annual General Meeting,
however no longer than until 11 September 2010.

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