Konecranes Oyj - Corporate Action

INCREASE IN KONECRANES' NUMBER OF SHARES REGISTERED

KONECRANES PLC  STOCK EXCHANGE RELEASE  December 18, 2008 at 2.20 p.m.          

INCREASE IN KONECRANES' NUMBER OF SHARES REGISTERED                             

The 96,000 new Konecranes shares subscribed for with the C series stock option  
rights under Konecranes 2003 stock option plan have been recorded in the Trade  
Register on December 18, 2008. Following these subscriptions the number of      
Konecranes Plc's shares will increase to 61,612,320 shares. The total           
subscription price, EUR 600,000 will be booked to the paid in capital.          

The new shares will carry shareholders' rights from the date of registration.   

Konecranes will apply for their listing on the NASDAQ OMX Helsinki Ltd with the 
company's existing shares. Trading in the new shares will start on or about     
December 19, 2008.                                                              

Konecranes Plc has three ongoing stock option plans that entitle to             
subscriptions of 2,368,200 shares in total.                                     

The terms and conditions of all Konecranes ongoing stock option plans are       
available on the Investor Relations website at www.konecranes.com/investor.     


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 2007, Group sales totaled EUR 1,750 million. The Group has 9,600      
employees, at more than 470 locations in 43 countries. Konecranes is listed on  
the NASDAQ OMX Helsinki Ltd  (symbol: KCR1V).                                   

KONECRANES PLC                                                                  



Sanna Päiväniemi                                                                
IR Manager                                                                      



FURTHER INFORMATION                                                             
Konecranes Plc                                                                  
Teo Ottola, Chief Financial Officer, tel. +358 20 427 2040                      




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NASDAQ OMX Helsinki Ltd                                                         
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