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The Board of Directors of Konecranes Plc has decided to establish a new Performance Share Plan

KONECRANES PLC STOCK EXCHANGE RELEASE February 6, 2025 at 8:00 pm EET

The Board of Directors of Konecranes Plc has decided to establish a new
Performance Share Plan

The Board of Directors of Konecranes Plc has decided to establish a new
Performance Share Plan 2025 (the “Plan”) for Konecranes key employees. The
purpose of the Plan is to align the objectives of Konecranes' shareholders and
key employees and thus to increase the value of the company, to commit key
employees to the company and to reward employees for achieving set targets.

The potential rewards are directly linked to Key Performance Indicators (KPIs)
supporting long-term shareholder return, and the plan has a three-year
performance period from 2025 to 2027.

The Plan has three performance criteria: the cumulative comparable Earnings per
Share (EPS) for the financial years 2025-2027 with an 80 percent's weighting,
the CO2 emissions from own operations for the financial years 2025-2027 with a
10 percent's weighting and the Konecranes EcoVadis score in 2027 with a 10
percent's weighting. Items affecting comparability of the EPS include defined
restructuring costs, mergers and acquisitions related deal costs and other
unusual items. The targets for the three-year performance period have also been
decided by the Board of Directors.

The target group of the Plan consists of approximately 170 Konecranes key
employees. The rewards to be paid on the basis of the performance period 2025
-2027 correspond to the value of a maximum total of 400,000 Konecranes Plc
shares, and the payment of the potential rewards takes place in 2028, if plan
term conditions are met. The maximum reward in monetary value at vesting will be
defined for each participant, and in case the reward as a result of the share
price development would exceed the maximum monetary value, the reward will be
capped.

The potential rewards from the Plan will be paid partly in Konecranes Plc shares
and partly in cash. The cash proportion is intended to cover taxes and tax
-related costs arising from the rewards to the plan participants. As a rule, no
reward will be paid if a plan participant's employment or service ends before
the reward payment.

The Board of Directors will propose to the Annual General Meeting of
Shareholders, that the Board of Directors be authorized to decide on the share
issue, or the transfer of treasury shares needed for the implementation of the
Plan.

KONECRANES PLC
Kiira Fröberg
Vice President, Investor Relations

FURTHER INFORMATION
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 16,700 professionals in over 50
countries, Konecranes is trusted every day to lift, handle and move what the
world needs. In 2023, Group sales totalled EUR 4.0 billion. Konecranes shares
are listed on Nasdaq Helsinki (symbol: KCR).

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Nasdaq Helsinki

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www.konecranes.com