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THE NOMINATION AND COMPENSATION COMMITTEE PROPOSES ONE NEW MEMBER TO KCI

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KCI KONECRANES PLC  STOCK EXCHANGE RELEASE  16 February, 2005 3.00 p.m.  1(2)


THE NOMINATION AND COMPENSATION COMMITTEE PROPOSES ONE NEW MEMBER TO KCI
KONECRANES BOARD OF DIRECTORS

The Nomination and Compensation Committee proposes to the KCI Konecranes Annual
General Meeting on March 10, 2005 that the number of Board members be seven. The
Committee proposes the election of one new Board member and the re-election of
six of the current members (Björn Savén, Mr. Stig Stendahl, Mr. Matti Kavetvuo,
Mr. Timo Poranen, Mr. Svante Adde and Mr. Stig Gustavson) for a term of one year.


Mr. Lennart Simonsen, who is currently member of the KCI Konecranes Board, has
announced that he will not be available for re-election.

The Committee proposes that Ms. Malin Persson, Vice President Corporate Strategy
and Business Development, AB Volvo be elected as new member of the KCI Konecranes
Board for the next one-year term.

All candidates have given their consent to the election.

Ms. Malin Persson, M. Sc.Eng, (b.1968), is responsible for the overall corporate
strategy process, business intelligence and business development of the Volvo
Group since 2000. Between 1995-2000 Ms Persson has held various positions
including Vice President Business & Logistics Development, Manager Environmental
Affairs at Volvo Logistics Corp.

With the exception of Board member Stig Gustavson, the candidates are deemed to
be independent of the company. Stig Gustavson is KCI Konecranes Plc's President
and CEO. All candidates are independent of all significant shareholders of the
company.

Information regarding the proposed elected new members of the Board can be found
on KCI Konecranes' website, www.konecranes.com.


Remuneration of the Board of Directors

The Nomination and Compensation Committee proposes the following annual fees to
be paid: Chairman of the Board EUR 50,000, Vice Chairman of the Board EUR 30,000,
and other Board members EUR 20,000. In addition, a fee of EUR 1000 per meeting is
paid to the Chairman and members for the Board committee meetings they attend.

In addition the Committee proposes that the annual fee can be paid either in cash
or in KCI Konecranes Plc shares acquired from the marke.

Following prior praxis, the Committee further proposes that persons employed by
the Company will not receive compensation for their Board membership. The travel
expenses of Board members are compensated for against invoice.


The Nomination and Compensation Committee

The members of KCI Konecranes' Nomination and Compensation Committee are Mr.
Björn Savén (Chairman), Mr. Timo Poranen and Mr. Lennart Simonsen.





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KCI Konecranes, headquartered in Hyvinkää, Finland is 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 PLC


Franciska Janzon
IR Manager




FURTHER INFORMATION
Ms Sirpa Poitsalo, Director, General Counsel, tel. +358-20 427 2011
Mr. Stig Gustavson, President & CEO, tel. +358-400 411 119



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