Konecranes Oyj - Inside information

Terex has announced the completion of the sale of 7,450,000 Konecranes shares, Konecranes to convert sold shares into Class A shares

KONECRANES PLC  STOCK EXCHANGE RELEASE  February 15, 2017 at 09:00 EET

On February 14, 2017, Terex Corporation ("Terex") published a press release
announcing that it had commenced an accelerated book-building process of up to
7,450,000 Konecranes Plc ("Konecranes" or the "Company") shares (the "Share
Sale"). Today, 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 34.50 per share, representing a 3.25 percent discount to the
closing price of Konecranes Class A shares on Nasdaq Helsinki on February 14,
2017. The Share Sale was multiple times oversubscribed at the sale price. 

Based on a conversion request by Terex, the Board of Directors of the Company
has decided to convert the 7,450,000 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 in the Finnish Trade Register on
February 15, 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 February 16, 2017. 

After the Conversion, the total number of Class A shares in the Company is
70,722,342, of which 4,521,333 Class A shares are held by Konecranes and its
subsidiaries as treasury shares, and the total number of Class B shares is
12,150,000 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. The Group has
18,000 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