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VARMA-SAMPO MUTUAL PENSION INSURANCE COM

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KCI KONECRANES PLC                  STOCK EXCHANGE ANNOUNCEMENT  1
                                    16 June, 2003 9.30 a.m.


VARMA-SAMPO MUTUAL PENSION INSURANCE COMPANY’S SHAREHOLDING IN KCI
KONECRANES PLC

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

On June 13, 2003 Varma-Sampo Mutual Pension Insurance Company informed
KCI Konecranes Plc that its shareholding in KCI Konecranes Plc has
exceeded 5 % of the paid up share capital and the voting rights of the
Company.

After the share transaction made on June 13, 2003 Varma-Sampo Mutual
Pension Insurance Company owns a total of 736,620 shares.

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.

Varma-Sampo Mutual Pension Insurance Company now holds shares of KCI
Konecranes Plc in the following proportions:

Number of        % of share capital
shares           and voting rights
                                      
        736,620                5.148 %


KCI KONECRANES PLC


Franciska Janzon
IR Manager




FURTHER INFORMATION
KCI Konecranes Plc
Franciska Janzon, IR Manager
Tel.+358 40 746 8381


DISTRIBUTION
Helsinki Exchanges
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