Konecranes Oyj - Company Announcement

KONECRANES FINALIZES SALE OF A CONSIDERABLE PART OF ITS FINNISH REAL ESTATE

KONECRANES FINALIZES SALE OF A CONSIDERABLE PART OF ITS FINNISH REAL ESTATE     

On March 27, 2007, Konecranes announced that it had signed of a letter of intent
regarding the sale of six properties located in Hyvinkää and Hämeenlinna,       
Finland comprising a building area of approximately 74,000 square meters and a  
land area of roughly 240,000 square meters to the Swedish-based real estate     
company AB Sagax (publ.). Konecranes has on April 30, 2007 finalized the        
transaction.                                                                    

As previously announced, the aggregate sales price is EUR 30.5 million. As a    
result of the transaction, Konecranes will book a capital gain after transaction
costs and taxes of approx. EUR 12.8 million in the second quarter of 2007. The  
full cash flow effect is estimated to materialize during this summer, at the    
latest.                                                                         

Konecranes is a world-leading group of Lifting Businesses(TM), serving a broad  
range of customers, including manufacturing and process industries, shipyards,  
ports and terminals. Konecranes provides productivity-enhancing lifting         
solutions and services for lifting equipment of every make. In 2006, Group sales
totalled EUR 1,483 million. The Group has 7,800 employees, at more than 370     
locations in 41 countries. Konecranes is listed on the OMX Helsinki Stock       
Exchange (KCR1V).                                                               

KONECRANES PLC                                                                  


Paul Lönnfors                                                                   
IR Manager                                                                      




FURTHER INFORMATION Konecranes Plc                                              
Teuvo Rintamäki, Chief Financial Officer, tel. +358 20 427 2040                 




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OMX Helsinki Stock Exchange                                                     
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