Konecranes Oyj - Company Announcement

THE BOARD OF DIRECTORS OF KONECRANES PLC DECIDED TO CONTINUE THE EMPLOYEE SHARE SAVINGS PLAN

KONECRANES PLC  STOCK EXCHANGE RELEASE  February 5, 2014  at 9:45

Konecranes Plc's Annual General Meeting of Shareholders 2012 decided to
implement an Employee Share Savings Plan in the Konecranes Group (the Plan).
The first Plan Period 2012—2013 was followed by a second Plan Period 2013—2014.
In the Plan Period 2013—2014, the Plan was offered to approximately 11,000
employees in 42 countries, including China for the first time. The employee
participation rate is 16 percent globally and 33 percent in Finland. Through
the Plan, approximately 1,700 employees have become shareholders in Konecranes.
During the first Plan Period 2012—2013, approximately 43,000 Konecranes Plc's
shares were acquired with the savings of the Plan participants. 

On the basis of interest shown by the Group employees, the Board has decided to
launch a new Plan Period. The new plan period will begin on 1 July 2014 and end
on 30 June 2015. The maximum savings amount per participant during one month is
5 percent of gross salary and the minimum is EUR 10. Each participant will
receive one free matching share for every two acquired savings shares. Matching
shares will be delivered to a participant if the participant holds the acquired
shares from the plan period until the end of the designated holding period, 15
February 2018, and if his or her employment has not ended before this date for
reasons related to the employee. The total amount of all savings of the
commencing plan period may not exceed EUR 8.5 million. The terms and conditions
of the Plan Period 2014—2015 are unchanged from the previous Plan Periods. 

An employee will participate in the Plan for one year at a time. Shares will be
acquired with the accrued savings at the market price quarterly, after the
publication dates of the Konecranes interim results, commencing in November
2014. Any dividends paid on purchased shares during the commencing Plan period
will automatically be reinvested into additional shares on the following
purchase date. These shares will have an equal right to matching shares. 

The Board of Directors proposes to the Annual General Meeting of Shareholders
to be held on March 27, 2014, that the Board of Directors be authorized to
decide on directed share issue without payment needed for implementation of the
Plan. 

“The Employee Share Savings Plan has been well received, and a significant
number of our employees have become shareholders in Konecranes. Based on good
experiences, we are now happy to continue the Plan. We believe that the Plan
will enhance our employee engagement throughout the world and at all levels of
our organization”, says Mr Pekka Lundmark, the President and CEO. 

KONECRANES PLC


Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION
Mr Miikka Kinnunen, Director, Investor Relations, tel. +358 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 and machine tools of all
makes. In 2013, Group sales totaled EUR 2,100 million. The Group has 11,800
employees at 600 locations in 48 countries. Konecranes is listed on the NASDAQ
OMX Helsinki (symbol: KCR1V). 


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NASDAQ OMX Helsinki
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