Konecranes Oyj - Company Announcement

KONECRANES BOARD OF DIRECTORS' ORGANIZING MEETING

KONECRANES PLC  STOCK EXCHANGE RELEASE  March 31, 2011 at 2.45 p.m.

In its first meeting held after the Annual General Meeting, the Board of
Directors elected Mr Stig Gustavson to continue as Chairman. Mr Svante Adde was
elected Chairman of the Audit Committee, and Mr Kim Gran, Mr Tapani Järvinen
and Mr Mikael Silvennoinen as Committee members. Mr Matti Kavetvuo was elected
Chairman of the Nomination and Compensation Committee, and Mr Stig Gustavson,
Ms Nina Kopola and Ms Malin Persson were elected as Committee members. 

With the exception of Mr Stig Gustavson, the Board members are deemed to be
independent of the company under the Finnish Corporate Governance Code. Mr
Gustavson is deemed dependent of the company based on the Board's overall
evaluation relating to his former and current positions in Konecranes combined
with his substantial shareholding in the Company. 

All Board members are independent of significant shareholders of the company.

KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations



FURTHER INFORMATION
Sirpa Poitsalo, Vice President, General Counsel, tel. +358 20 427 2011
Miikka Kinnunen, Director, Investor Relations, tel. +358 20 427 2050



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 2010, Group sales totaled EUR 1,546 million. The Group has 10,000
employees at 578 locations in 46 countries. Konecranes is listed on the NASDAQ
OMX Helsinki (symbol: KCR1V). 



DISTRIBUTION
NASDAQ OMX Helsinki
Major media
www.konecranes.com