Konecranes Oyj - Company Announcement

KONECRANES BOARD DECIDED ON THE DETAILS OF THE KONECRANES EMPLOYEE SHARE SAVINGS PLAN

KONECRANES PLC  STOCK EXCHANGE RELEASE  April 25, 2012 at 09:30

Konecranes Plc's Annual General Meeting of Shareholders approved the Konecranes
Employee Share Savings Plan (the Plan) on March 22, 2012. The Plan will be
launched in the Konecranes Group globally. The aim of the Plan is to encourage
Konecranes employees to become shareholders in the Company and to reward the
employees for their efforts in working toward Konecranes' goals, now and in the
future. Another objective is to strengthen the tie between Konecranes
shareholders and employees. 

The Annual General Meeting of Shareholders authorized the Board of Directors to
decide on the detailed terms and conditions of the Plan, on the Plan periods
and on their detailed terms and conditions, and to implement the Plan at its
discretion, considering especially the legislation and other regulations
applied to the Plan in each country where the Group operates. 

The Board of Directors approved the detailed terms and conditions of the Plan
and the commencing Plan period. The Plan will be offered in about 40 countries
to approximately 11,000 employees. A few countries have been ruled out at this
phase due to local legal restraints. The commencing plan period will begin on
July 1, 2012 and end on June 30, 2013. The maximum monthly saving is 5 percent
of each participant's monthly gross salary and the minimum monthly saving per
employee will be 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, February 15, 2016, and if his
or her employment with a company has not been terminated on the last day of the
holding period on bad leaver terms. 

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 date of the Konecranes interim results, commencing in November
2012. 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. 

More detailed information on the Plan is available in the stock exchange
release issued on March 22, 2012. 

KONECRANES PLC
The Board of Directors



FURTHER INFORMATION
Mikael Wegmüller, Vice President, Marketing and Communications, tel. +358 20
427 2008 
Miikka Kinnunen, Director, Investor Relations, 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 2011, Group sales totaled EUR 1,896 million. The Group has 11,700
employees at 609 locations in 47 countries. Konecranes is listed on the NASDAQ
OMX Helsinki (symbol: KCR1V). 



DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.konecranes.com