Konecranes Oyj - Inside information

Terex has announced its intention to sell shares in Konecranes in an accelerated book-building process and Konecranes has waived certain transfer restrictions

KONECRANES PLC  stock exchange release  May 23, 2017 at 18:40 EET


Konecranes Plc (“Konecranes” or the “Company”) has received information
regarding Terex Corporation's ("Terex") intention to sell up to 7,000,000
shares in Konecranes (the “Share Sale”), corresponding to approximately 8.9
percent of all outstanding shares in Konecranes (excluding treasury shares).
Prior to the Share Sale, Terex owns 12,150,000 Class B shares in the Company.
The Share Sale will be based on an accelerated book-building process, which
will be launched immediately. The pricing of the Share Sale will be agreed at
the close of the book-building process, and the results and pricing of the
Share Sale will be announced by Terex as soon as practicable thereafter. 

In accordance with the shareholders agreement between Terex and Konecranes
dated January 4, 2017 and Konecranes' Articles of Association Terex has agreed
to certain transfer restrictions on its Konecranes shares, including a
restriction (subject to certain exceptions) that no purchase of shares sold by
Terex will result in the purchaser owning more than 3 percent of the total
number of Konecranes shares. In connection with the Share Sale, the Company has
agreed to the potential sale of up to additional 3 percent of the total number
of Konecranes shares to any existing shareholders participating in the Share
Sale despite their earlier shareholding in Konecranes. 

The Company intends to convert any shares sold in the Share Sale to Class A
shares subject to the receipt of a conversion request in accordance with
Konecranes' Articles of Association. 


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. In 2016,
Group (comparable combined company) sales totaled EUR 3,278 million. The Group
has 17,000 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