Konecranes Oyj - Corporate Action

SHARE SUBSCRIPTIONS UNDER KONECRANES' STOCK OPTIONS

SHARE SUBSCRIPTIONS UNDER KONECRANES' STOCK OPTIONS                             

A total of 24 800 new Konecranes shares have been subscribed with stock option  
rights under Konecranes' stock option plans as follows:                         

--------------------------------------------------------------------------------
| Stock option right          |          Shares  |          Subscription price |
|                             |                  |                 (EUR/share) |
--------------------------------------------------------------------------------
| 2001 A-series               |           21 600 |                        8.50 |
--------------------------------------------------------------------------------
| 2001 B-series               |            3 200 |                        8.50 |
--------------------------------------------------------------------------------

Following these subscriptions the number of Konecranes Plc's shares will        
increase to 60 297 020 shares. The subscription price will be booked according  
to the decision made by the Annual General Meeting of Shareholders on 8 March,  
2007 in its entirety to the invested non-restricted equity fund.                

The new shares will be recorded in the Trade Register on or about 4 May, 2007.  
The new shares will carry shareholders' rights from the date of registration.   
Konecranes will apply for their listing on the Helsinki Stock Exchange with the 
company's existing shares. Trading in all new shares will start on or about 7   
May, 2007.                                                                      

The terms and conditions of all Konecranes ongoing stock option plans are       
available on the Investor Relations website at www.konecranes.com.              

Konecranes is a world-leading group of Lifting Businesses(TM), serving a broad  
range of customers, including manufacturing and process industries, shipyards,  
ports and terminals. Konecranes provides productivity-enhancing lifting         
solutions and services for lifting equipment of every make. In 2006, Group sales
totalled EUR 1483 million. The Group has 7,500 employees, at more than 370      
locations in 41 countries. Konecranes is listed on the OMX Helsinki Stock       
Exchange (symbol: KCR1V).                                                       

KONECRANES PLC                                                                  


Paul Lönnfors                                                                   
IR Manager                                                                      




FURTHER INFORMATION                                                             
Konecranes Plc                                                                  
Teuvo Rintamäki, Chief Financial Officer, tel. +358 20 427 2040                 




DISTRIBUTION                                                                    
OMX Helsinki Stock Exchange                                                     
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