Konecranes Oyj - Inside information

Terex has announced the completion of the sale of 7,000,000 Konecranes shares, Konecranes to convert sold shares into class A shares

KONECRANES PLC  stock exchange release  May 23, 2017 at 23:45 EET

As announced earlier today, Terex Corporation ("Terex") commenced an
accelerated book-building process for the sale of up to 7,000,000 Konecranes
Plc ("Konecranes" or the "Company") shares (the "Share Sale"). Konecranes has
received confirmation published by Terex regarding the completion of the sale
of all shares offered in the Share Sale at a price of EUR 37.40 per share,
representing a 0.9 percent discount to the closing price of Konecranes class A
shares on Nasdaq Helsinki today. The Share Sale was multiple times
oversubscribed at the sale price. The Terex appointed members to the Company's
Board of Directors Mr. David A. Sachs and Mr. Oren G. Shaffer have resigned
from the Board of Directors as of May 23, 2017, due to Terex's shareholding
falling below 10 percent of all outstanding Konecranes shares. 

Based on a conversion request by Terex, the Board of Directors of the Company
has decided to convert the 7,000,000 class B shares sold by Terex in the Share
Sale to class A shares in the Company in accordance with § 20 of the Articles
of Association (the "Conversion"). 

The Conversion is expected to be registered with the Finnish Trade Register on
May 24, 2017. The converted class A shares will be applied for listing on
Nasdaq Helsinki and their trading together with the Company's existing class A
shares is expected to commence on or about May 26, 2017. 

After the Conversion, the total number of class A shares in the Company is
77,722,342 of which 4,450,436 class A shares are held by Konecranes and its
subsidiaries as treasury shares, and the total number of class B shares is
5,150,000 which continue to be held by Terex. 

The Conversion does not have an effect on the aggregate number of all shares
and votes in the Company. Upon registration in the Finnish Trade Register, the
converted class A shares will have the same rights as the Company's existing
class A shares. 


KONECRANES PLC

Miikka Kinnunen
Vice President, Investor Relations



FURTHER INFORMATION
Miikka Kinnunen, Vice President, Investor Relations, Konecranes Plc, tel. +358
(0)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 of all makes. In 2016,
Group (comparable combined company) sales totaled EUR 3,278 million. The Group
has 17,000 employees at 600 locations in 50 countries. Konecranes class A
shares are listed on the Nasdaq Helsinki (symbol: KCR). 



DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com