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THE CAPITAL GROUP COMPANIES, INC?S HOLDI

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KCI KONECRANES PLC                  STOCK EXCHANGE RELEASE   1 (2)
                                    23 May, 2003 11.30 a.m.


THE CAPITAL GROUP COMPANIES, INC’S HOLDING IN KCI KONECRANES PLC

This is a notice under the Securities Market Act. of Finland Chapter
2. Section 10:

The Capital Group Companies, Inc.’s (Taxpayer I.D. 86-0206507) holding
in KCI Konecranes Plc has on 20 May, 2003 fallen below 5 % of the
company’s total share capital and voting rights. The Capital Group
Companies, Inc informed on 22 May, 2003 both KCI Konecranes Plc and
the Financial Supervision of Finland of the new holding proportions.

KCI Konecranes has only one class of shares. The share capital is
28,617,260 EUR and the total number of shares is 14,308,630. Each
share is entitled to one vote.

The Capital Group Companies, Inc.’s (“CGCö) total shareholding has
reached the following proportions:

Company                          Shares    % of share
                                           capital and
                                           voting rights
Capital Research and                                    
Management Company                      0              0
Capital Guardian Trust Company    687,193           4.80
Capital International, Inc.        10,240           0.07
Capital International Limited           0              0
Capital International, S.A.             0              0
In total                          697,433           4.87


The shares being reported were purchased on the market in the ordinary
course of business.

The Capital Group Companies, Inc. (“CGCö) is a holding company for
several subsidiary companies engaged in investment management
activities. The investment activities are divided into two operational
groups, represented by Capital Research and Management Company
(“CRMCö) and Capital Group International, Inc. (“CGIIö). CRMC is a
U.S.-based investment adviser that manages The American Funds Group of
mutual funds. CGII is the parent company of five companies that serve
as investment managers to various institutional clients around the
globe: Capital Guardian Trust Company in the U.S., Capital
International, Inc. in the U.S. and Singapore, Capital International
Limited in the United Kingdom, Capital International S.A. in
Switzerland and Capital International K.K. in Japan.


                                                             2 (2)



For a more complete description of the CGC organisation, please refer
to the web site www.capgroup.com.

In its previous notice under the Securities Market Act of Finland,
Chapter 2. Section 10 on 14 June, 2002 CGC informed that its holding
of shares and voting rights in the Company amounted to
5.24 %.


KCI KONECRANES PLC


Franciska Janzon
IR Manager




FURHTER INFORMATION
KCI Konecranes Plc
Ms. Franciska Janzon, IR Manager,
Group Communications and Investor Relations
Tel. +358-40 746 8381




DISTRIBUTION
Helsinki Exchanges
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