Konecranes Oyj - Other information disclosed according to the rules of the Exchange

The Board of Directors of Konecranes Plc decided to continue the Employee Share Savings Plan

KONECRANES PLC  STOCK EXCHANGE RELEASE  February 8, 2017  at 9:30

Konecranes Plc’s Annual General Meeting of Shareholders 2012 decided to
implement an Employee Share Savings Plan (the Plan) in the Konecranes Group.
There have been altogether five Plan Periods since 2012. Each of the Plan
Periods has had approximately 1,300 participants from 33 countries on average.
Approximately 350,000 Konecranes Plc shares have been bought by the
participants since 2012 as part of the Plan. 

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 July 1, 2017 and
end on June 30, 2018. The maximum savings amount per participant during one
month is 5 percent of gross salary and the minimum is EUR 50. 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, February 15, 2021, 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 2017—2018 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 October
2017. 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 23, 2017, that the Board of Directors be authorized to
decide on directed share issue without payment needed for the implementation of
the Plan. 

“The Employee Share Savings Plan has been appreciated, and a significant number
of our employees have become shareholders in Konecranes. With the MHPS
acquisition now completed, the Plan is available to a record number of our
employees. We believe that the Plan will enhance our employee engagement
throughout the world and at all levels of our organization”, says Mr. Panu
Routila, the President and CEO. 

KONECRANES PLC


Miikka Kinnunen
Vice President, Investor Relations


FURTHER INFORMATION
Mr Miikka Kinnunen, Vice President, 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 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). 


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Nasdaq Helsinki
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www.konecranes.com