2023-06-07 21:15:00 CEST

2023-06-07 21:15:08 CEST


Konecranes Oyj - Other information disclosed according to the rules of the Exchange

Changes in the Composition of the Konecranes' Shareholders' Nomination Board


Changes in the Composition of the Konecranes' Shareholders' Nomination Board

Konecranes has a Shareholders' Nomination Board which prepares proposals to the
Annual General Meeting, and, if necessary, to an Extraordinary General Meeting,
for the election and remuneration of the members of the Board of Directors and
to identify potential Board member candidates.

The Shareholders' Nomination Board is comprised of one member appointed by each
of the four largest shareholders of Konecranes Plc. The shareholders entitled to
appoint a member are determined on the basis of the shareholders' register of
the Company maintained by Euroclear Finland Ltd. on August 31 each year.

According to the Charter of the Shareholders' Nomination Board, the member
appointed by a shareholder shall resign from the Nomination Board if the
shareholder concerned later transfers more than half of the shares held on
August 31 and as a result thereof is no longer amongst Konecranes' ten largest
shareholders. Following HC Holding Oy Ab sold its Konecranes shares, Peter
Therman, the member appointed by HC Holding Oy Ab, has resigned from Konecranes
Shareholders' Nomination Board.

In addition, according to the Charter of the Shareholders' Nomination Board, the
right to appoint a member to replace the resigned member shall be offered to the
shareholder who, immediately after the settlement of the relevant share
transfer, is the largest holder of shares who has not yet appointed a member to
the Nomination Board. Accordingly, Varma Mutual Pension Insurance Company has
with its 2,085,293 shares appointed Markus Aho, Chief Investment Officer of
Varma, as a member of the Konecranes' Shareholders' Nomination Board.

From June 7, 2023, onwards the Konecranes' Shareholders Nomination Board
consists of the following members:

  · Reima Rytsölä, CEO of Solidium, appointed by Solidium Oy,
  · Stig Gustavson, appointed by Stig Gustavson,
  · Markus Aho, Chief Investment Officer of Varma, appointed by Varma Mutual
Pension Insurance Company, and
  · Mikko Mursula, Deputy CEO, Investments of Ilmarinen, appointed by Ilmarinen
Mutual Pension Insurance Company.

Christoph Vitzthum, the Chairman of the Board of Directors of Konecranes, serves
as an expert in the Nomination Board without being a member.


Kiira Fröberg

Vice President, Investor Relations


Kiira Fröberg,

Vice President, Investor Relations,

tel. +358 (0) 20 427 2050

Konecranes is a global leader in material handling solutions, serving a broad
range of customers across multiple industries. We consistently set the industry
benchmark, from everyday improvements to the breakthroughs at moments that
matter most, because we know we can always find a safer, more productive and
sustainable way. That's why, with around 16,600 professionals in over 50
countries, Konecranes is trusted every day to lift, handle and move what the
world needs. In 2022, Group sales totalled EUR 3.4 billion. Konecranes shares
are listed on Nasdaq Helsinki (symbol: KCR).


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