Konecranes Oyj - Company Announcement

KONECRANES PLC - KONECRANES PLC BOARD OF DIRECTORS’ ORGANIZING MEETING

KONECRANES PLC  STOCK EXCHANGE RELEASE  March 26, 2015 at 4.30 p.m.

In its first meeting held after the Annual General Meeting, the Board of
Directors elected Mr. Stig Gustavson to continue as Chairman. Mr. Ole Johansson
was elected Vice Chairman of the Board. Mr. Svante Adde was elected Chairman of
the Audit Committee, and Mr. Ole Johansson, Ms. Nina Kopola and Ms. Malin
Persson as Committee members. Mr. Bertel Langenskiöld was elected Chairman of
the Nomination and Compensation Committee, and Mr. Stig Gustavson, Mr. Matti
Kavetvuo and Mr. Christoph Vitzthum were elected as Committee members. 

With the exception of Mr. Stig Gustavson, the Board members are deemed to be
independent of the company under the Finnish Corporate Governance Code. Mr.
Gustavson is not deemed independent of the company based on the Board's overall
evaluation relating to his former and current positions in Konecranes combined
with his substantial voting rights in the Company. 

With the exception of Mr. Ole Johansson and Mr. Bertel Langenskiöld, the Board
members are independent of significant shareholders of the company. Mr. Ole
Johansson is not deemed independent of significant shareholders of the Company
based on his current position as the Vice Chairman of the Board of Hartwall
Capital Oy Ab. Mr. Langenskiöld is not deemed independent of significant
shareholders of the company based on his current position as the Managing
Director of Hartwall Capital Oy Ab. HTT KCR Holding Oy Ab holds more than 10
percent of Konecranes Plc's shares and votes. HTT KCR Holding Oy Ab is a
subsidiary of Hartwall Capital Oy Ab. In addition, HTT KCR Holding Oy Ab, K.
Hartwall Invest Oy Ab, Fyrklöver-Invest Oy Ab and Ronnas Invest AG will in
practice co-operate in matters concerning their ownership in Konecranes Plc. 

KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations



FURTHER INFORMATION
Mr. Miikka Kinnunen, Director, Investor Relations, tel. +358 20 427 2050



Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions as well as services for lifting equipment and machine tools of all
makes. In 2014, Group sales totaled EUR 2,011 million. The Group has 12,000
employees at 600 locations in 48 countries. Konecranes is listed on the Nasdaq
Helsinki (symbol: KCR1V). 



DISTRIBUTION
Nasdaq Helsinki
Media
www.konecranes.com