Konecranes Oyj - Major shareholder announcements

ILMARINEN MUTUAL PENSION INSURANCE COMPANY'S HOLDING IN KONECRANES PLC

KONECRANES PLC  STOCK EXCHANGE RELEASE  October 16, 2008 at 5.45 P.M.           

ILMARINEN MUTUAL PENSION INSURANCE COMPANY'S HOLDING IN KONECRANES PLC          

This is a notice under the Securities Market Act. of Finland, Chapter 2. Section
10:                                                                             

Konecranes has been informed of a change in the holding of Ilmarinen Mutual     
Pension Insurance Company of the paid up share capital of Konecranes Plc.       

On October 16, 2008 Ilmarinen Mutual Pension Insurance Company was in possession
of 3,126,689 Konecranes shares. The holding corresponds 5.09 % of the share     capital and voting rights in Konecranes Plc.                                    

Konecranes has a total of 61,424,020 shares. The company has only one class of  
shares and each share entitles to one vote.                                     

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 9,350      
employees, at more than 470 locations in 43 countries. Konecranes is listed on  
the OMX Nordic Exchange Helsinki (symbol: KCR1V).                               

KONECRANES PLC                                                                  


Sanna Päiväniemi                                                                
IR Manager                                                                      




FURTHER INFORMATION                                                             
Konecranes Plc                                                                  
Sanna Päiväniemi, IR Manager, tel. +358 (0)20 427 2050                          




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OMX Nordic Exchange Helsinki                                                    
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