Konecranes Oyj - Corporate Action

INCREASE IN KONECRANES' NUMBER OF SHARES

KONECRANES PLC STOCK EXCHANGE RELEASE  NOVEMBER 14, 2008 9.00 A.M.              

INCREASE IN KONECRANES' NUMBER OF SHARES                                        

The 45,884 new Konecranes shares subscribed for with stock options under        
Konecranes 1997 stock option plan have been recorded in the Trade Register on   
November 14, 2008. Following these subscriptions the number of Konecranes Plc's 
shares will increase to 61,516,320 shares. The subscription price, EUR          
299 048.97 will be booked in its entirety to the paid in capital. The new shares
will carry shareholders' rights from the date of registration. Konecranes will  
apply for their listing on the NASDAQ OMX Helsinki Ltd with the company's       
existing shares. Trading in the new shares will start on or about November 17,  
2008.                                                                           

Subscription period for the 1997 stock option plan ended                        

The subscription period for the options under Konecranes 1997 stock option plan 
ended on October 31, 2008. The 1997 stock option plan entitled to subscriptions 
of 1,200,000 shares in total. The subscription price was EUR 6.5175 per share,  
and a total of 947,200 new shares were subscribed under the program. Following  
the subscriptions made before March 8, 2007 Konecranes' share capital increased 
by EUR 389,200. According to the decision made by the Annual General Meeting of 
Shareholders on 8 March, 2007, new shares subscribed for under Konecranes'      
option programs and recorded in the Trade Register will no longer increase the  
share capital, but will be booked entirely to the paid in capital. The option   
rights that were not exercised by the end of the subscription period are no     
longer valid.                                                                   

Ongoing stock option plans                                                      

Stock options distributed by Konecranes Plc's three ongoing stock option plans  
entitle to subscriptions of 2,464,200 shares in total. The terms and conditions 
of all Konecranes 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 9,600      
employees, at more than 470 locations in 43 countries. Konecranes is listed on  
the NASDAQ OMX Helsinki Ltd  (symbol: KCR1V).                                   

KONECRANES PLC                                                                  



Sanna Päiväniemi                                                                
IR Manager                                                                      


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


DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Ltd                                                         
Media                                                                           
www.konecranes.com