Konecranes Oyj - Corporate Action

KONECRANES PLC'S SHARE SUBSCRIPTIONS BASED ON STOCK OPTIONS

KONECRANES PLC  STOCK EXCHANGE RELEASE  December 17, 2009 at 10.15 a.m.         

KONECRANES PLC'S SHARE SUBSCRIPTIONS BASED ON STOCK OPTIONS                     

A total of 23,200 of Konecranes Plc's new shares were subscribed for under the  
company's stock option plans as follows:                                        

--------------------------------------------------------------------------------
| Stock option right         |            Shares  |         Subscription price |
|                            |                    |                (EUR/share) |
--------------------------------------------------------------------------------
| 2001B-series               |             23,200 |                       8.50 |
--------------------------------------------------------------------------------

The full subscription price of EUR 197,200 will be entered in the paid-in       
capital. Following the related subscriptions, the number of Konecranes Plc      
shares will increase to 61,872,920. This number includes the shares held by the 
company.                                                                        

The shares subscribed for under the stock options were registered in the Trade  
Register on December 17, 2009 on the basis of which the new shares will         
establish shareholder rights. Konecranes will apply for their listing, together 
with its existing shares, on the Main List of the NASDAQ OMX Helsinki. Trading  
in the new shares will begin on or around December 18, 2009.                    

Stock options issued under Konecranes Plc's ongoing stock option plans entitle  
their holders to subscribe for a total of 2,793,400 shares. The terms and       
conditions of all of the company's stock option plans are available at          
www.konecranes.com/investors.                                                   

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 2008, Group sales totalled EUR 2,103 million. The Group has 9,700     
employees, in 485 locations in 43 countries. Konecranes is listed on NASDAQ OMX 
Helsinki Ltd (symbol: KCR1V).                                                   

KONECRANES PLC                                                                  

Miikka Kinnunen                                                                 
Director, Investor Relations                                                    


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


DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Ltd                                                         
Major media                                                                     
www.konecranes.com