Konecranes Oyj - Corporate Action

SHARE SUBSCRIPTIONS UNDER KONECRANES STOCK OPTIONS

SHARE SUBSCRIPTIONS UNDER KONECRANES STOCK OPTIONS                              

A total of 8,640 new Konecranes shares have been subscribed with stock option   
rights under Konecranes' stock option plans as follows:                         

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| Stock option right      |           Shares  | Subscription price (EUR/share) |
--------------------------------------------------------------------------------
| 1999 B-series           |             6,400 |                           8.25 |
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| 2003 C-series           |             2,240 |                           6.25 |
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Following these subscriptions the number of Konecranes Plc's shares will        
increase to 61,047,420 shares. The subscription price will be booked in its     
entirety to the paid in capital.                                                

The new shares will be recorded in the Trade Register on or about March 19,     
2008. 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 the new shares will     
start on or about March 20, 2008.                                               

The remaining outstanding stock options entitle to subscription of 2,013,900    
shares. The terms and conditions of all Konecranes ongoing stock option plans   
are available on the Investor Relations website at www.konecranes.com/investor. 

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 2007, Group sales totaled EUR 1,750 million. The Group has 8,400      
employees, at more than 470 locations in 43 countries. Konecranes is listed on  
the OMX Helsinki Stock Exchange (symbol: KCR1V).                                

KONECRANES PLC                                                                  


Paul Lönnfors                                                                   
IR Manager                                                                      




FURTHER INFORMATION                                                             
Konecranes Plc                                                                  
Teo Ottola, Chief Financial Officer, tel. +358 20 427 2040                      




DISTRIBUTION                                                                    
OMX Nordic Exchange Helsinki                                                    
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