Konecranes Oyj - Corporate Action

KONECRANES PLC'S SHARE SUBSCRIPTIONS BASED ON STOCK OPTIONS; STOCK OPTION PLAN 2003 ENDED

KONECRANES PLC  STOCK EXCHANGE RELEASE  May 6, 2009 at 9.45 a.m. EET            

KONECRANES PLC'S SHARE SUBSCRIPTIONS BASED ON STOCK OPTIONS; STOCK OPTION PLAN  
2003 ENDED                                                                      

A total of 72,000 of Konecranes Plc's new shares were subscribed for under the  
company's stock option plans as follows:                                        

--------------------------------------------------------------------------------
| Stock option right         |            Shares  |         Subscription price |
|                            |                    |                (EUR/share) |
--------------------------------------------------------------------------------
| 2003C-series               |             72,000 |                       6.25 |
--------------------------------------------------------------------------------

The full subscription price of EUR 450,000 will be entered in the paid-in       
capital. Following the related subscriptions, the number of Konecranes Plc      
shares will increase to 61,811,320. This number includes the shares held by the 
company.                                                                        

The shares subscribed for under the stock options were registered in the Trade  
Register on May 6, 2009 on the basis of which the new shares will establish     
shareholder rights. Konecranes will apply for their listing, together with its  
existing shares, on the Main List of the NASDAQ OMX Helsinki. Trading in the new
shares will begin on or around May 7, 2009.                                     

The subscription period for C series stock options under the 2003 stock option  
plan ended on March 31, 2009.                                                   

The C series stock options entitled to subscriptions of a total of 800,000      
shares. The subscription price was EUR 6,25 per share, and a total of 792,000   
new shares were subscribed for under the plan. The full subscription price      
4,950,000 has been entered in the paid-in capital. The option rights that were  
not exercised by the end of the subscription period are no longer valid.        

The stock option plan 2003 ended                                                

A total of 2,392,000 new shares were subscribed under the series A, B and C of  
the program. Following the subscriptions made before March 8, 2007 Konecranes'  
share capital increased by EUR 675,600 and EUR 6,215,636 was booked into the    
share premium account. 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. 

Stock options issued under Konecranes Plc's ongoing stock option plans entitle  
their holders to subscribe for a total of 2,131,500 shares. The terms and       
conditions of all of the company's stock option plans are available 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 2008, Group sales totaled EUR 2,103 million. The Group has 9,900      
employees, in 485 locations in 43 countries. Konecranes is listed on NASDAQ OMX 
Helsinki Ltd (symbol: KCR1V).                                                   

KONECRANES PLC                                                                  

Sanna Päiväniemi                                                                
IR Manager                                                                      


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


DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Ltd                                                         
Major media                                                                     
www.konecranes.com