Konecranes Oyj - Changes in company's own shares

KONECRANES PLC ACQUIRES COMPANY'S OWN SHARES

KONECRANES PLC ACQUIRES COMPANY'S OWN SHARES                                    

The Board of Directors of Konecranes Plc has today decided, in accordance with  
the authorization granted by the Annual General Meeting on 8 March, 2007, to    
repurchase a maximum amount of 1,800,000 Company's own shares, which corresponds
to approx. 3.0 percent of all the outstanding shares of the Company. In         
addition, Konecranes Plc holds at the moment 742,600 Company's own shares. The  
shares will be purchased with the Company's non-restricted equity. The          
repurchase will reduce the Company's distributable non-restricted equity.       

The repurchase of shares will be executed at the market price in public trading 
on the OMX Nordic Helsinki Exchange. The Company's own shares will be           
repurchased to be used as compensation in possible acquisitions or other        
arrangements, or to develop the capital structure of the Company including      
possible cancellation of shares. Therefore there is a weighty financial reason  
for the repurchase of own shares.                                               

The repurchase of own shares will start no earlier than 8 November, 2007 and end
no later than 29 February, 2008.                                                

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 2006, Group sales totaled EUR 1483 million. The Group has 8,000       
employees, at more than 370 locations in 41 countries. Konecranes is listed on  
the OMX Helsinki Stock Exchange (symbol: KCR1V).                                


KONECRANES PLC                                                                  



Paul Lönnfors                                                                   
IR Manager                                                                      




FURTHER INFORMATION                                                             
Konecranes Plc                                                                  
Teo Ottola, Chief Financial Officer, tel. +35820 427 2040                       




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OMX Helsinki Stock Exchange                                                     
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