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THE PENSION INSURANCE COMPANY ILMARINEN

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KCI KONECRANES PLC                  STOCK EXCHANGE RELEASE        1
                                    29 December, 2003 1.30 p.m.


THE PENSION INSURANCE COMPANY ILMARINEN LTD’S SHAREHOLDING IN KCI
KONECRANES PLC

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

On December 29, 2003 The Pension Insurance Company Ilmarinen informed
KCI Konecranes Plc that the holding of shares by Ilmarinen in KCI
Konecranes Plc has fallen below 5 % of the paid up share capital and
the voting rights of the Company.

After the transactions made on December 19, 2003, Ilmarinen owns a
total of 711,400 shares, which corresponds to 4.97 percent of the paid
up share capital and to 4.97 percent of the voting rights of the
Company.

Previously, on 6 November, 2002 Ilmarinen informed that its holding of
shares and voting rights in KCI Konecranes Plc amounted to 5,04 %.

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.

KCI KONECRANES PLC


Franciska Janzon
IR Manager




FURTHER INFORMATION
KCI Konecranes Plc
Franciska Janzon, Investor Relations Manager
Tel. +358-20 427 2043




DISTRIBUTION
Helsinki Exchanges
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