Konecranes Oyj - Notice to general meeting

Konecranes Plc's Board of Directors convenes the Annual General Meeting 2025

KONECRANES PLC STOCK EXCHANGE RELEASE FEBRUARY 7, 2025 at 9:00 am EET

Konecranes Plc's Board of Directors convenes the Annual General Meeting 2025

Notice to the Annual General Meeting

Notice is given to the shareholders of Konecranes Plc ("Konecranes" or the
"Company") to the Annual General Meeting to be held on Thursday 27 March 2025 at
10.00 am EET at Hyvinkääsali (address: Kauppatori 1, FI-05800 Hyvinkää,
Finland). Reception of persons registered for the meeting and distribution of
voting tickets at the meeting venue will commence at 9.15 am EET.

Shareholders can also exercise their voting rights by voting in advance.
Instructions for advance voting are presented in this notice under section C.
Instructions for the participants in the Annual General Meeting.

It is possible to follow the General Meeting via webcast. Instructions on how to
follow the webcast are available on the Company's website
konecranes.com/agm2025. It is not possible to ask questions, make proposals,
address the meeting, or vote via webcast. Following the meeting via webcast
shall not be considered as a shareholder's participation in the General Meeting
in accordance with the Finnish Companies Act (624/2006, as amended), or as the
exercise of a shareholder's rights in accordance with the Finnish Companies Act.

The CEO's review and the presentation by the Chair of the Human Resources
Committee to the Annual General Meeting will be recorded. The video recordings
of the presentations will be made available on the Company's website at
konecranes.com/agm2025 after the meeting.

A. Matters on the agenda of the Annual General Meeting

At the Annual General Meeting, the following matters will be considered:

1.Opening of the meeting

2.Calling the meeting to order

3.Election of persons to scrutinize the minutes and to supervise the counting of
votes

4. Recording the legality of the meeting

5.Recording the attendance at the meeting and adoption of the list of votes

6.Presentation of the annual accounts, the report of the Board of Directors and
the auditor's report for the year 2024

-        Review by the CEO

The annual accounts, the report of the Board of Directors and the auditor's
report will be available on the Company's website konecranes.com/agm2025 as of
28 February 2025 at the latest.

7.Adoption of the annual accounts

The Board of Directors proposes that the Annual General Meeting adopts the
annual accounts.

8.Resolution on the use of the profit shown on the balance sheet and the
distribution of dividend

The Board of Directors proposes to the Annual General Meeting that a dividend of
EUR 1.65 per share be distributed from the distributable assets of the parent
company. The dividend shall be paid to shareholders who on the record date of
the dividend payment on 31 March 2025 are registered as shareholders in the
Company's shareholders' register maintained by Euroclear Finland Oy. The
dividend shall be paid on 8 April 2025.

9.Resolution on the discharge of the members of the Board of Directors and the
CEO from liability

10. Presentation of the Remuneration Report

The Remuneration Report will be available on the Company's website
konecranes.com/agm2025 as of 28 February 2025 at the latest.

The Board of Directors proposes that the Annual General Meeting approves the
Remuneration Report. The resolution by the Annual General Meeting on approval of
the Remuneration Report is advisory.

11.Resolution on the remuneration of the members of the Board of Directors

The Shareholders' Nomination Board proposes to the Annual General Meeting that
annual remuneration is paid to the members of the Board of Directors, other than
the employee representative, as follows:

  · the remuneration to the Chair of the Board of Directors EUR 160,000 (2024:
EUR 150,000),
  · the remuneration to the Vice Chair of the Board of Directors EUR 100,000
(2024: EUR 100,000, in the event that a Vice Chair would have been elected), and
  · the remuneration to the other members of the Board of Directors EUR 72,000
(2024: EUR 70,000).

In case the term of office of a member of the Board of Directors ends before the
closing of the Annual General Meeting in 2026, he or she is entitled to the
prorated amount of the annual remuneration calculated on the basis of his or her
actual term in office.

The Shareholders' Nomination Board proposes that 40 per cent of the annual
remuneration be paid in Konecranes shares to be acquired on behalf of the
members of the Board of Directors at a price determined in public trading on
Nasdaq Helsinki. The purchase of shares shall be carried out in four equal
instalments; each instalment being purchased within the two-week period
beginning on the date following each of the Company's interim report
announcements and the Company's financial statements bulletin for 2025. The
Company will pay the transaction costs and transfer tax in connection with the
purchase of remuneration shares. In case the remuneration cannot be paid in
shares due to legal or other regulatory restrictions or due to other reasons
related to the Company or a member of the Board of Directors, the annual
remuneration will be paid fully in cash.

The Shareholders' Nomination Board proposes that members of the Board of
Directors are eligible for a meeting fee of EUR 1,000 for each meeting that they
attend. For meetings of the committees of the Board of Directors, the Chair of
the Audit Committee is paid a meeting fee of EUR 5,000, the Chair of the Human
Resources Committee is paid a meeting fee of EUR 3,000, and the other committee
members are paid a meeting fee of EUR 1,500 per each attended committee meeting.
No meeting fee is paid for decisions that are confirmed in writing without a
meeting. The proposed meeting fees remain unchanged from the previous year.

No remuneration will be paid to members of the Board of Directors employed by
the Company, in accordance with the agreement on employee representation between
Konecranes and its employees.

Travel expenses for all members of the Board of Directors, including the
employee member of the Board of Directors, will be compensated against receipt.

12.Resolution on the number of members of the Board of Directors

The Shareholders' Nomination Board proposes to the Annual General Meeting that
the number of members of the Board of Directors shall be eight (8). However,
should any of the candidates proposed by the Shareholders' Nomination Board
withdraw their candidacy before the Annual General Meeting, the proposed number
of Board members shall automatically be decreased correspondingly.

13.Election of members of the Board of Directors

The Shareholders' Nomination Board proposes that of the current Board members
Pauli Anttila, Pasi Laine, Ulf Liljedahl, Gun Nilsson, Sami Piittisjärvi, Päivi
Rekonen, Thomas Schulz and Birgit Seeger be re-elected for a term of office
ending at the closing of the Annual General Meeting in 2026. The Shareholders'
Nomination Board proposes that Pasi Laine be elected as Chair of the Board of
Directors and Ulf Liljedahl as Vice Chair of the Board of Directors.

CVs, photographs and the evaluation regarding the independence of the current
members of the Board of Directors are presented on the Company's website at
investors.konecranes.com/board-directors. Based on the evaluation of the
Shareholders' Nomination Board, the proposed candidates are deemed independent
of Konecranes and of Konecranes' significant shareholders, with the exception of
Pauli Anttila who is deemed independent of Konecranes but not independent of its
significant shareholder Solidium, and Sami Piittisjärvi who is deemed not to be
independent of Konecranes but is deemed independent of its significant
shareholders.

Sami Piittisjärvi is proposed to be elected from candidates put forward by the
employees of Konecranes in accordance with the agreement on employee
representation between Konecranes and its employees.

With regard to the selection procedure for the members of the Board of
Directors, the Shareholders' Nomination Board recommends that shareholders take
a position on the proposal as a whole at the General Meeting. The Shareholders'
Nomination Board, in addition to ensuring that individual nominees for
membership of the Board of Directors possess the required competences, is also
responsible for confirming that the proposed Board of Directors as a whole has
the best possible expertise and experience for the Company and that the
composition of the Board of Directors also meets the other requirements of the
Finnish Corporate Governance Code for listed companies.

14.Amendment of the Articles of Association

The Board of Directors proposes that the Annual General meeting would decide to
amend the Company's Articles of Association to read in its entirety as presented
in Appendix 1 of this notice to the Annual General Meeting.

The purpose of the proposed amendments to the Articles of Association is to
update the Articles of Association to better reflect currently applicable
regulations. In addition, the provisions of the Articles of Association
concerning the term of office of the auditor and the sustainability reporting
assurance provider will enable the election of the auditor and the
sustainability reporting assurance provider more flexibly than currently, also
for a term of office commencing later, as proposed in items 17 and 20 of this
notice to the Annual General Meeting.

The material amendments proposed to the Articles of Association are:

  · amending § 6 concerning the representation of the Company to the effect that
the Company may also be represented by the Chair of the Board of Directors
alone, as well as two members of the Board of Directors jointly;
  · updating the current § 8 concerning the auditor to better reflect the market
practice and currently applicable regulations, as well as amending the provision
concerning the auditor's term of office;
  · adding a new § 9 concerning the sustainability reporting assurance provider
and its term of office;
  · amending § 11 (current § 10) concerning the Annual General Meeting to better
reflect the market practice and currently applicable regulations; as well as
  · removing Swedish as a language for arbitration proceedings from
§ 12 (current § 11), for such provision of the Articles of Association to better
reflect the Company's earlier decision to discontinue the use of Swedish as a
reporting language starting from 1 January 2024, as well as the resolution by
the Annual General Meeting 2024 to change the language of the Articles of
Association from Swedish to Finnish.

The proposal of the Board of Directors for the amended Articles of Association
is presented in Appendix 1 of this notice to the Annual General Meeting. The
proposed amended Articles of Association as well as a comparison against the
current Articles of Association are available in their entirety on the Company's
website at konecranes.com/agm2025.

15.Resolution on the remuneration of the auditor for the terms of office 2025
and 2026

Upon recommendation of the Audit Committee, the Board of Directors proposes to
the Annual General Meeting that the remuneration for the auditor to be elected
in items 16 and 17, each respectively, be paid according to an invoice approved
by the Company.

16.Election of the auditor for the term of office 2025

Upon recommendation of the Audit Committee, the Board of Directors proposes to
the Annual General Meeting that Ernst & Young Oy be re-elected as the auditor
for a term of office expiring at the closing of the Annual General Meeting 2026.
Ernst & Young Oy has informed the Company that APA Toni Halonen is going to act
as the auditor with the principal responsibility.

17.Election of the auditor for the term of office 2026

Konecranes has an obligation to organize an audit firm election procedure in
accordance with the EU Audit Regulation (537/2014, as amended) concerning the
audit for the financial year 2026 (mandatory auditor rotation). As the EU Audit
Regulation requires to include a minimum of two candidates in the recommendation
of the Audit Committee and the candidates' possibilities to provide services to
Konecranes until the General Meeting deciding on the election is restricted, the
Board of Directors proposes for practical reasons that the auditor would be
elected for the term of office 2026 already in this Annual General Meeting 2025.
The election of an auditor for the term of office 2026 already in this Annual
General Meeting would also provide the elected audit firm time to prepare for
the new audit engagement.

Based on the above and upon recommendation of the Audit Committee, the Board of
Directors proposes to the Annual General Meeting that Deloitte Oy be elected as
the auditor for a term of office commencing at the closing of the Annual General
Meeting 2026 and expiring at the closing of the Annual General Meeting 2027.
Deloitte Oy has informed the Company that APA Marika Nevalainen is going to act
as the auditor with the principal responsibility.

The proposal concerning the election of the auditor for the term of office 2026
is conditional upon the Annual General Meeting deciding to amend § 8 of the
Articles of Association in accordance with the proposal of the Board of
Directors presented above in item 14. The resolution in accordance with this
proposal concerning the election of the auditor for the term of office 2026
shall enter into force once the amended Articles of Association have been
registered in the Finnish Trade Register.

18.Resolution on the remuneration of the sustainability reporting assurance
provider for the terms of office 2025 and 2026

Upon recommendation of the Audit Committee, the Board of Directors proposes to
the Annual General Meeting that the remuneration for the sustainability
reporting assurance provider to be elected in items 19 and 20, each
respectively, be paid according to an invoice approved by the Company.

19.Election of the sustainability reporting assurance provider for the term of
office 2025

Upon recommendation of the Audit Committee, the Board of Directors proposes to
the Annual General Meeting that Ernst & Young Oy be elected as the
sustainability reporting assurance provider for a term of office expiring at the
closing of the Annual General Meeting 2026. Ernst & Young Oy has informed the
Company that APA, Authorized Sustainability Auditor (ASA) Toni Halonen is going
to act as the sustainability auditor with the principal responsibility.

20.Election of the sustainability reporting assurance provider for the term of
office 2026

Upon recommendation of the Audit Committee, the Board of Directors proposes to
the Annual General Meeting that Deloitte Oy be elected as the sustainability
reporting assurance provider for a term of office commencing at the closing of
the Annual General Meeting 2026 and expiring at the closing of the Annual
General Meeting 2027. Deloitte Oy has informed the Company that APA, Authorized
Sustainability Auditor (ASA) Marika Nevalainen is going to act as the
sustainability auditor with the principal responsibility.

The proposal concerning the election of the sustainability reporting assurance
provider for the term of office 2026 is conditional upon the Annual General
Meeting deciding to add a new § 9 into the Articles of Association in accordance
with the proposal of the Board of Directors presented above in item 14. The
resolution concerning the election of the sustainability reporting assurance
provider for the term of office 2026 in accordance with this proposal shall
enter into force once the amended Articles of Association have been registered
in the Finnish Trade Register.

21. Amendment to the Charter of the Shareholders' Nomination Board

On the initiative of the Shareholders' Nomination Board, the Board of Directors
proposes to the Annual General Meeting that paragraph 2 of the Charter of the
Shareholders' Nomination Board is amended to the effect that the shareholders
entitled to appoint a member to the Shareholders' Nomination Board shall be
determined on the basis of the shareholders' register of the Company maintained
by Euroclear Finland Oy on 31 May (on 31 August in accordance with the current
Charter) each year. Corresponding technical amendments are also proposed to
other dates and deadlines in paragraph 2 of the Charter.

In addition, paragraph 10 of the Charter is proposed to be amended so that the
mention of the Charter being prepared in Swedish is removed.

The Charter of the Shareholders' Nomination Board in its proposed amended form
as well as a comparison against the current Charter are available in their
entirety on the Company's website konecranes.com/agm2025.

22.Authorizing the Board of Directors to decide on the repurchase and/or on the
acceptance as pledge of the Company's own shares

The Board of Directors proposes to the Annual General Meeting that the Board of
Directors be authorized to decide on the repurchase of the Company's own shares
and/or on the acceptance as pledge of the Company's own shares as follows.

The number of own shares to be repurchased and/or accepted as pledge based on
this authorization shall not exceed 7,500,000 shares in total, which corresponds
to approximately 9.5 per cent of all of the shares in the Company as at the date
of this notice to the Annual General Meeting.

The Company together with its subsidiaries cannot at any moment own and/or hold
as pledge more than 10 per cent of all the shares in the Company. Only the
unrestricted equity of the Company can be used to repurchase own shares on the
basis of the authorization.

Own shares can be repurchased at a price formed in public trading on the date of
the repurchase or otherwise at a price formed on the market.

The Board of Directors shall decide how own shares will be repurchased and/or
accepted as pledge. Own shares can be repurchased using, inter alia,
derivatives. Own shares can be repurchased otherwise than in proportion to the
shareholdings of the shareholders (directed repurchase).

Own shares can be repurchased and/or accepted as pledge to limit the dilutive
effects of issuances of shares carried out in connection with possible
acquisitions, to develop the Company's capital structure, to be transferred for
financing or realization of possible acquisitions, investments or other
arrangements belonging to the Company's business, to pay remuneration to the
members of the Board of Directors, to be used in incentive arrangements or to be
cancelled, provided that the repurchase and/or acceptance as pledge is in the
interest of the Company and its shareholders.

The authorization is effective until the closing of the next Annual General
Meeting, but no longer than until 27 September 2026.

23.Authorizing the Board of Directors to decide on the issuance of shares as
well as on the issuance of special rights entitling to shares

The Board of Directors proposes to the Annual General Meeting that the Board of
Directors be authorized to decide on the issuance of shares as well as the
issuance of special rights entitling to shares referred to in Chapter 10 Section
1 of the Finnish Companies Act as follows.

The number of shares to be issued based on this authorization shall not exceed
7,500,000 shares, which corresponds to approximately 9.5 per cent of all of the
shares in the Company as at the date of this notice to the Annual General
Meeting.

The Board of Directors shall decide on all the conditions of the issuance of
shares and of special rights entitling to shares. The issuance of shares and of
special rights entitling to shares may be carried out in deviation from the
shareholders' pre-emptive rights (directed issuance). The authorization can also
be used to issue shares or special rights for incentive arrangements, however,
not more than 1,350,000 shares in total together with the authorization in item
24.

The authorization is effective until the closing of the next Annual General
Meeting, but no longer than until 27 September 2026. However, the authorization
for incentive arrangements is effective until 27 March 2030. This authorization
revokes the authorization for incentive arrangements given by the Annual General
Meeting 2024.

24.Authorizing the Board of Directors to decide on the transfer of the Company's
own shares

The Board of Directors proposes to the Annual General Meeting that the Board of
Directors be authorized to decide on the transfer of the Company's own shares as
follows.

The authorization is limited to a maximum of 7,500,000 shares, which corresponds
to approximately 9.5 per cent of all the shares in the Company as at the date of
this notice to the Annual General Meeting.

The Board of Directors shall decide on all the conditions of the transfer of own
shares. The transfer of shares may be carried out in deviation from the
shareholders' pre-emptive rights (directed issuance). The Board of Directors can
also use this authorization to grant special rights concerning the Company's own
shares referred to in Chapter 10 of the Finnish Companies Act. The authorization
can also be used to transfer shares for incentive arrangements, however, not
more than 1,350,000 shares in total together with the authorization in item 23.

This authorization is effective until the closing of the next Annual General
Meeting, but no longer than until 27 September 2026. However, the authorization
for incentive arrangements is effective until 27 March 2030. This authorization
revokes the authorization for incentive arrangements given by the Annual General
Meeting 2024.

25. Authorizing the Board of Directors to decide on a directed issuance of
shares without payment for an employee share savings plan

The Board of Directors proposes to the Annual General Meeting that the Board of
Directors be authorized to decide on a directed issuance of shares without
payment needed for the continuation of the Share Savings Plan that the Annual
General Meeting 2012 decided to launch.

The Board of Directors proposes that the Annual General Meeting authorize the
Board to decide on the issuance of new shares or on the transfer of own shares
held by the Company to such participants of the Share Savings Plan who,
according to the terms and conditions of the Plan, are entitled to receive
shares without payment, as well as to decide on the issuance of shares without
payment also to the Company itself. The Board of Directors proposes that the
proposed authorization includes a right, within the scope of this Share Savings
Plan, to transfer own shares currently held by the Company, which have earlier
been limited to other purposes than incentive plans.

The number of new shares to be issued or own shares held by the Company to be
transferred may in the aggregate amount to a maximum total of 500,000 shares,
which corresponds to approximately 0.6 per cent of all of the Company's shares
as at the date of this notice to the Annual General Meeting.

The Board of Directors considers that there is an especially weighty financial
reason for the directed issuance of shares without payment, both for the Company
and in regard to the interests of all shareholders, since the Share Savings Plan
is intended to form part of the incentive and commitment program for the
Konecranes Group's personnel.

The Board of Directors is entitled to decide on other matters concerning the
issuance of shares. The authorization concerning the issuance of shares is
effective until 27 March 2030. This authorization is effective in addition to
the authorizations in items 23 and 24 above. This authorization replaces the
authorization for the Share Savings Plan given by the Annual General Meeting
2024.

26.Authorizing the Board of Directors to decide on donations

The Board of Directors proposes that the Annual General Meeting authorize the
Board of Directors to decide on granting donations of up to a total amount of
EUR 400,000 in one or more instalments for purposes of general interest or
similar purposes, and to decide on the recipients, more specific uses, as well
as the amount of each donation and other terms of the donations.

In addition, the Board of Directors proposes that the Annual General Meeting
authorize the Board of Directors to decide on granting donations of up to a
total amount of EUR 400,000 in one or more instalments for occasional emergency
aid or similar purposes as needed, and to decide on the recipients, more
specific uses, as well as the amount of each donation and other terms of the
donations.

The authorizations are valid until the closing of the next Annual General
Meeting.

27. Closing of the meeting

B.Documents of the Annual General Meeting

The above-mentioned proposals for decisions on matters on the agenda of the
Annual General Meeting as well as this notice to the Annual General Meeting are
available on Konecranes' website at konecranes.com/agm2025. The annual accounts,
the report of the Board of Directors, and the auditor's report, as well as the
Remuneration Report are available on the above-mentioned website no later than
28 February 2025. The proposals for decisions and the other above-mentioned
documents are also available at the Annual General Meeting.

The minutes of the meeting will be available on the above-mentioned website as
of 10 April 2025 at the latest.

C.Instructions for the participants in the Annual General Meeting

1. Shareholder registered in the shareholder register

A shareholder that is registered on the record date of the Annual General
Meeting, i.e. on 17 March 2025, in the shareholders' register of the Company
maintained by Euroclear Finland Oy, has the right to participate in the Annual
General Meeting. A shareholder, whose shares are registered on his/her personal
Finnish book-entry account or equity savings account, is registered in the
shareholders' register of the Company.

Registration for the meeting will commence on 10 February 2025 at 9.00 am EET. A
shareholder that is registered in the Company's shareholder register and wishes
to participate in the Annual General Meeting must register for the meeting at
the latest on 20 March 2025 at 4.00 pm EET, by which time the registration needs
to be received. In connection with the registration, a shareholder may also vote
in advance, see section 3. "Advance voting".

Registration for the Annual General Meeting can be done:

a) through the Company's website at konecranes.com/agm2025

Online registration requires that the shareholders, their statutory
representatives or proxy representatives use strong electronic authentication
either by Finnish, Swedish or Danish bank ID or mobile certificate.

b) by mail or e-mail

A shareholder may send a written notice of registration to Innovatics Oy by
regular mail to the address Innovatics Oy, General Meeting/Konecranes Plc,
Ratamestarinkatu 13 A, FI-00520 Helsinki, Finland, or by e-mail to the address
agm@innovatics.fi.

When registering, requested information, such as the name, date of birth or
business identification code and contact details of the shareholder and the name
of a possible assistant, statutory representative or proxy representative, and
the date of birth, phone number and/or e-mail of a statutory representative or
proxy representative, must be provided. Personal data provided by shareholders
or their representatives to Konecranes or Innovatics Oy will be used only in
connection with the Annual General Meeting and with the processing of related
necessary registrations.

Shareholders, their statutory representatives or proxy representatives shall,
where required, be able to prove their identity and/or right of representation
at the meeting venue.

2. Holders of nominee-registered shares

Holders of nominee-registered shares have the right to participate in the Annual
General Meeting by virtue of such shares, based on which they on the record date
of the Annual General Meeting, i.e. on 17 March 2025, would be entitled to be
registered in the shareholders' register of the Company maintained by Euroclear
Finland Oy.

The right to participate in the Annual General Meeting requires, in addition,
that the shareholder on the basis of such shares has temporarily been registered
into the shareholders' register maintained by Euroclear Finland Oy at the latest
by 24 March 2025 at 10.00 am EET. As regards nominee-registered shares, this
constitutes due registration for the Annual General Meeting.

Holders of nominee-registered shares are advised to request without delay
necessary instructions regarding the temporary registration in the shareholders'
register of the Company, the issuing of proxy authorization documents and voting
instructions and registration for the Annual General Meeting from their
custodian. The account manager of the custodian is required to temporarily
register a holder of nominee-registered shares that wants to participate in the
Annual General Meeting into the shareholders' register of the Company at the
latest by the time stated above, and, if necessary, take care of advance voting
on behalf of a holder of nominee-registered shares prior to the end of the
registration period for holders of nominee-registered shares.

For the sake of clarity, it is noted that holders of nominee-registered shares
cannot register directly for the Annual General Meeting on the Company's
website, as they must be registered through the account manager of their
custodians instead.

Further information on these matters is also available on the Company's website
at konecranes.com/agm2025.

3. Advance voting

A shareholder, whose shares are registered on his/her Finnish book-entry account
or equity savings account can, in connection with registering to the Annual
General Meeting, vote in advance on certain items on the agenda of the Annual
General Meeting between 10 February 2025, 9.00 am EET until 20 March 2025, 4.00
pm EET.

Advance voting is possible by the following means:

a) electronically through the Company's website at konecranes.com/agm2025

Electronic advance voting requires that the shareholders or their statutory
representatives or proxy representatives use strong electronic authentication
either by Finnish, Swedish or Danish bank ID or mobile certificate.

b) by mail or e-mail

A shareholder may send the advance voting form available on the Company's
website or corresponding information to Innovatics Oy, General
Meeting/Konecranes Plc, Ratamestarinkatu 13 A, FI-00520 Helsinki, Finland by
letter or by e-mail to the address agm@innovatics.fi. The advance voting form
will be available on the Company's website no later than on 10 February 2025.
Advance votes must be received before the expiry of the advance voting period.

If a shareholder participates in the meeting by sending the votes in advance by
mail or e-mail to Innovatics Oy prior to the expiry of the registration and
advance voting period, this constitutes registration for the Annual General
Meeting, provided that the above-mentioned information required for registration
is provided.

Shareholders that have voted in advance that wish to exercise their other rights
under the Finnish Companies Act, such as the right to ask questions, the right
to propose resolutions, the right to demand a vote or to vote on potential
counterproposals or any other proposals made at the meeting, must attend the
Annual General Meeting at the meeting venue in person or by way of proxy
representation.

For holders of nominee-registered shares, advance voting is carried out via the
account manager of their custodian. The account manager may cast advance votes
on behalf of the holders of nominee-registered shares that they represent in
accordance with the voting instructions provided by the holders of nominee
-registered shares during the registration period for the nominee-registered
shares.

A proposal subject to advance voting is considered to have been presented
without amendments at the Annual General Meeting.

Instructions relating to the advance voting may also be found on the Company's
website at konecranes.com/agm2025. Additional information is also available by
telephone at +358 10 2818 909 on weekdays from 9:00 am to 12:00 pm and from 1:00
pm to 4:00 pm EET.

4. Proxy representative and powers of attorney

Shareholders may participate in and exercise their rights at the Annual General
Meeting by way of proxy representation. A proxy representative may also vote in
advance as described in this notice.

If a proxy representative registers online, such proxy representative must
personally identify themselves through strong electronic authentication when
registering for the meeting through the online registration service, after which
they can register on behalf of the shareholder they represent. The same applies
to voting in advance electronically.

Proxy representatives shall present a dated proxy authorization document or
otherwise in a reliable manner demonstrate their right to represent the
shareholder at the Annual General Meeting. A proxy representative can prove
his/her right to represent by using the suomi.fi e-Authorizations service
available in the electronic registration service. If a shareholder participates
in the Annual General Meeting by means of several proxy representatives
representing the shareholder with shares at different securities accounts, the
shares by which each proxy representative represents the shareholder shall be
identified in connection with the registration for the Annual General Meeting.

A template for proxy authorization will be available on the Company's website at
konecranes.com/agm2025.

Possible proxy authorization documents are requested to be delivered primarily
as an attachment in connection with the online registration, or alternatively by
e-mail to agm.2025@konecranes.com or as originals to the address Konecranes Plc,
Laura Kiiski, P.O. Box 661, FI-05801 Hyvinkää, Finland before the end of the
registration period. In addition to the submission of proxy authorization
documents, shareholders or their proxy representative shall see to registering
themselves for the Annual General Meeting as described above in this notice.

5. Following the General Meeting via webcast

A shareholder that is entitled to attend the General Meeting may also follow the
meeting via webcast. It is not possible to ask questions, make proposals,
address the meeting, or vote via the webcast. Following the meeting via webcast
shall not be considered as participation in the General Meeting in accordance
with the Finnish Companies Act, or as the exercise of a shareholder's rights in
accordance with the Finnish Companies Act.

The web connection to the General Meeting will be provided through Inderes Oyj's
virtual general meeting service on the Videosync platform, which includes video
and audio connection to the General Meeting. The use of the web connection does
not require any paid software or downloads. In addition to an internet
connection, following the webcast requires a computer, smartphone or tablet with
speakers or headphones for sound. One of the following browsers is recommended
for following the webcast: Chrome, Firefox, Edge, Safari, or Opera.

The link and password for following the webcast will be sent by e-mail and/or
SMS to the e-mail address and/or mobile phone number provided in connection with
the registration, to all persons that have registered for the General Meeting
with the right to attend the General Meeting, by no later than the day before
the General Meeting. It is advisable to log in to the meeting system well in
advance of the meeting.

Further information on the general meeting service, additional instructions for
proxy representatives representing more than one shareholder, contact details of
the service provider and instructions in case of possible disruptions can be
found at the address https://vagm.fi/support. A link to test the compatibility
of your computer, smartphone or tablet with the network connection can be found
at the address https://demo.videosync.fi/agm-compatibility?language=en. It is
recommended that you read the detailed instructions before the General Meeting.

6. Other instructions/information

The language of the meeting is Finnish. There will be simultaneous
interpretation into English at the meeting.

The information concerning the Annual General Meeting required under the Finnish
Companies Act and the Finnish Securities Market Act is available on the
Company's website at the address konecranes.com/agm2025.

Pursuant to Chapter 5 Section 25 of the Finnish Companies Act, a shareholder
that is present at the Annual General Meeting has the right to request
information with respect to the matters to be considered at the meeting.

Changes in shareholdings after the record date of the Annual General Meeting do
not affect the right to participate in the Annual General Meeting or the
shareholder's voting rights at the Annual General Meeting.

On the date of this notice to the Annual General Meeting, 7 February 2025, the
total number of shares in Konecranes is 79,221,906 shares, representing a total
number of 79,221,906 votes. The Company holds, directly and through its
subsidiaries, a total of 7,637 treasury shares, in respect of which voting
rights cannot be exercised at the Annual General Meeting.

In Espoo, February 7, 2025

KONECRANES PLC
Board of Directors

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 16,800 professionals in over 50
countries, Konecranes is trusted every day to lift, handle and move what the
world needs. In 2024, Group sales totalled EUR 4.2 billion. Konecranes shares
are listed on Nasdaq Helsinki (symbol: KCR).

DISTRIBUTION

Nasdaq Helsinki

Major media

www.konecranes.com

Attachments:

Konecranes Plc - Appendix 1 - Proposal of the Board of Directors for the amended Articles of Association .pdf