Konecranes Oyj - Major shareholder announcements

JPMORGAN CHASE & CO DECREASED ITS HOLDING IN KONECRANES PLC

JPMORGAN CHASE & CO DECREASED ITS HOLDING IN KONECRANES PLC                     

This is a notice under the Securities Market Act. of Finland, Chapter 2. Section
10:                                                                             

Konecranes has been informed of a change in JPMorgan Chase & Co's and its       
subsidiaries' holdings in Konecranes Plc.                                       

On 19 September, 2007 JPMorgan Chase & Co and its subsidiaries were in          
possession of 3 020 039 Konecranes shares being 4.97 % of the share capital and 
voting rights of Konecranes Plc. Holdings were as follows:                      

--------------------------------------------------------------------------------
| Fund name                                 |       Shares |     Proportion of |
|                                           |              | share capital and |
|                                           |              |   voting rights % |
--------------------------------------------------------------------------------
| J.P. Morgan Investment Management Inc.    |      124,022 |             0.204 |
--------------------------------------------------------------------------------
| JP Asset Management (Taiwan) Limited      |       47,535 |             0.078 |
--------------------------------------------------------------------------------
| JP Asset Management Limited               |       39,935 |             0.066 |
--------------------------------------------------------------------------------
| J.P. Morgan Fleming Asset Management      |        9,885 |             0.016 |
| (Japan) Limited                           |              |                   |
--------------------------------------------------------------------------------
| JP Morgan Asset Management (UK) Limited   |    2,783,033 |             4.582 |
--------------------------------------------------------------------------------
| J.P. Morgan Securities Ltd.               |       15,629 |             0.026 |
--------------------------------------------------------------------------------
| TOTAL                                     |    3,020,039 |             4.972 |
--------------------------------------------------------------------------------

On the basis of a previous announcement, JPMorgan Chase & Co. and its direct and
indirect subsidiaries were in possession of 5.497 % of the share capital and the
voting rights of Konecranes Plc on 29 March, 2007.                              

Konecranes has a total of 60 734 580 shares. The company has only one class of  
shares and each share entitles to one vote.                                     

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 and services for lifting equipment of every make. In 2006, Group sales
totalled EUR 1483 million. The Group has 8,000 employees, at more than 370      
locations in 41 countries. Konecranes is listed on the OMX Helsinki Stock       
Exchange (symbol: KCR1V).                                                       

KONECRANES PLC                                                                  


Paul Lönnfors                                                                   
IR Manager                                                                      




FURTHER INFORMATION                                                             
Mr Paul Lönnfors, IR Manager, Tel. +358 20 427 2050                             



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OMX Helsinki Stock Exchange                                                     
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