Konecranes Oyj - Company Announcement

Konecranes has sold Kito Corporation shares

KONECRANES PLC  STOCK EXCHANGE RELEASE  September 27, 2016 at 09:40

On September 26, 2016, Konecranes announced that it will tender all its
5,950,000 Kito Corporation (“Kito”) shares to be repurchased by Kito. On
September 27, 2016, Kito announced that it has conducted a share repurchase of
5,950,000 shares. In this transaction, Konecranes sold 5,873,900 Kito shares to
Kito. After this transaction, Konecranes owns 76,100 Kito shares. 

Konecranes will receive approximately EUR 48 million from the sale of the
shares and it will book a capital gain of approximately EUR 6 million as an
associated company item in its January-September 2016 interim results. 


KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION
Miikka Kinnunen, Director, 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 and machine tools of all
makes. In 2015, Group sales totaled EUR 2,126 million. The Group has 11,400
employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq
Helsinki (symbol: KCR1V). 


DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com