TRANSFER OF KCI KONECRANES PLC'S OWN SHARES

KCI KONECRANES PLC   STOCK EXCHANGE ANNOUNCEMENT  29 October, 2004 5.50 p.m.

TRANSFER OF KCI KONECRANES PLC’S OWN SHARES

KCI Konecranes Plc has transferred a number of shares as partial
consideration in a business transaction in which KCI Konecranes
Group purchases all shares of SMV Lifttrucks AB, Sweden.

The transferred shares are valued at 31.28 euros per share. This
is the trade weighted average closing price for KCI Konecranes
share during a period of 20 trading days ending the third business
day prior to Closing. The transferred shares amount to 0.37 % of
all KCI Konecranes shares.

The transferred shares are subject to a 3-year transfer
restriction. One third of the shares may be sold after one year
from Closing, one third two years from Closing, and the rest three
years from Closing.

Transfer of the company's own shares:

Date:          29.10.2004
Trading:       Transfer outside public trading
Share:         KCI1V
Total value:   EUR 1,671,916
Share amount:  53,450
Share price:   EUR 31.28

The amount of own shares held by KCI Konecranes Plc after the
transfer is 210,650 shares and 1.47 % of all KCI Konecranes
shares.

KCI Konecranes. A world leading engineering group specializing in
advanced overhead lifting solutions and maintenance services.
Group activity is organized along three business areas:
Maintenance Services (50% of Group Sales), Standard Lifting
Equipment (26 %) and Special Cranes (24 %). In 2003, Group Sales
totalled EUR 665 million with over 4300 employees in 34 countries
all over the world.

KCI KONECRANES PLC


Franciska Janzon
IR Manager




FURTHER INFORMATION
KCI Konecranes Plc
Teuvo Rintamäki, Chief Financial Officer, phone +358-20 427 2040




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