Konecranes Oyj - Changes in company's own shares

CORRECTION: KONECRANES PLC SHARE REPURCHASE August 22, 2011

Correcton in Share buy back 22.8.2011: Yesterday was bought 178 747 company     
shares.                                                                         
                                                                                
KONECRANES PLC   ANNOUNCEMENT   August 22, 2011                                 
SHARE REPURCHASE   August 22,                                                   
2011                                                                            
In NASDAQ OMX Helsinki                                                          
                                                                                
                                                                                
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| Trade date              | August 22, 2011         |                          |
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| Bourse trade            | Buy                     |                          |
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| Share                   | KCR1V                   |                          |
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| Amount                  |                 178,474 | shares                   |
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| Total cost              |            3,009,777.74 | EUR                      |
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| Average price / share   |                 16.8382 | EUR                      |
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| Highest price / share   |                 16.9800 | EUR                      |
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| Lowest price / share    |                 16.6700 | EUR                      |
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|                         |                         |                          |
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| Konecranes Plc now      |               3,196,813 | shares                   |
| holds                   |                         |                          |
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| directly including the  |                         |                          |
| shares acquired on      | August 22, 2011         |                          |
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|                         |                         |                          |
| In addition,            |                         |                          |
| Konecranes Plc          |                 517,696 | shares                   |
| holds                   |                         |                          |
| indirectly              |                         |                          |
| through KCR             |                         |                          |
| Management              |                         |                          |
| Oy                      |                         |                          |
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On behalf of Konecranes Plc                                                     
                                                                                
Skandinaviska Enskilda Banken AB (Publ)                                         
                                                                                
Mika Koskinen    Jari Vikström