Konecranes Oyj - Company Announcement

KONECRANES PLC - THE BOARD HAS CONTINUED CONFIDENCE IN STIG GUSTAVSON

KONECRANES PLC  STOCK EXCHANGE RELEASE  March 21, 2016 at 8:00

Konecranes Plc has with its stock exchange release on March 18, 2016, announced
that it has become aware that charges for aggravated subsidy fraud have been
pressed against its chairman of the board Stig Gustavson in the so called
business park matter concerning Industry Park East Management Oy.  Konecranes
is not a party in the matter. 

The Board of Directors of Konecranes and its Nomination and Compensation
Committee have now acquainted themselves with the matter and not found
anything, which would give reason to question Stig Gustavson's suitability and
ability to act as the Chairman of the Board of Directors. 

Hence, the matter does not affect the proposal of the Nomination and
Compensation Committee to the General Meeting to re-elect the Board. 

The Board has full confidence in Stig Gustavson as its chairman.


KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION
Mr. Ole Johansson, vice-chairman of the board, Konecranes Plc, call-back
requests tel. +358 40 195 5511 



DISTRIBUTION
Nasdaq Helsinki
Media
www.konecranes.com



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 2015, Group sales totaled EUR 2,126 million. The Group has 11,900
employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq
Helsinki (symbol: KCR1V).