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

Konecranes Plc’s Nomination and Compensation Committee’s proposal for composition and compensation of the Board of Directors

KONECRANES PLC STOCK EXCHANGE RELEASE  January 31, 2017 at 18:00 EET

Proposal on Board Composition

Konecranes Plc’s Nomination and Compensation Committee proposes to the Annual
General Meeting of Shareholders on March 23, 2017 that the number of Board
members be eight (8). 

The Nomination and Compensation Committee of the Board of Directors proposes
that of the current Board members Mr. Ole Johansson, Ms. Janina Kugel, Mr.
Bertel Langenskiöld, Mr. Ulf Liljedahl, Ms. Malin Persson and Mr. Christoph
Vitzthum be re-elected for a term of office ending at the closing of the Annual
General Meeting in 2018. 

Of the current Board members Mr. Stig Gustavson and Mr. Svante Adde have
announced that they will not be available for re-election. 

Under § 5 of the company's Articles of Association, Terex Corporation currently
has the right to appoint two members to the company's Board of Directors upon
written notice to the company. Terex Corporation has appointed Mr. David A.
Sachs and Mr. Oren G. Shaffer to the Board of Directors. 

All candidates, as well as Mr. David A. Sachs and Mr. Oren G. Shaffer, and the
evaluation regarding their independence are presented on the company’s website
www.konecranes.com. All candidates have given their consent to the election. 

Mr. Ole Johansson, Ms. Janina Kugel, Mr. Bertel Langenskiöld, Mr. Ulf Liljedahl
and Mr. Christoph Vitzthum, are deemed to be independent of the company and any
significant shareholders. While Ms. Malin Persson has served as director of the
company for more than ten consecutive years, she is deemed to be independent of
the company since her independence is not compromised by this or any other
factor according to the Board's overall evaluation. She is also deemed to be
independent of significant shareholders. Both Mr. David A. Sachs and Mr. Oren
G. Shaffer are deemed to be dependent of a significant shareholder of the
company based on their positions as Chairman of the Board of Directors and
member of the Board of Directors of Terex Corporation, respectively. 

Compensation of the Board of Directors

The Nomination and Compensation Committee of the Board of Directors proposes to
the Annual General Meeting that the annual remuneration payable to the members
of the Board to be elected at the Annual General Meeting for the term until the
closing of the Annual General Meeting in 2018 be unchanged as follows: Chairman
of the Board EUR 140,000, Vice Chairman of the Board EUR 100,000, and other
Board members EUR 70,000. In case the term of office of a Board member ends
before the closing of the Annual General Meeting in 2018, he or she is entitled
to the prorated amount of the annual remuneration calculated on the basis of
his or her actual term in office. 

The Committee furthermore proposes that 50 per cent of the annual remuneration
be paid in Konecranes shares. The remuneration shares may be purchased on the
market on behalf of the Board members at a price determined in public trading
at the time of acquiring the shares or transferred in a corresponding number of
treasury shares. The purchase of shares or transfer of treasury shares shall be
carried out in four equal instalments, each instalment being purchased or
transferred within the two week period beginning on the date following each of
the company's interim report announcements and the company's financial
statements bulletin for 2017. 

In case the shares due in any such instalment cannot be purchased or
transferred within the time period indicated above due to legal or other
regulatory restrictions or due to reasons related to a Board member, the amount
of annual remuneration due for payment in such instalment shall be paid fully
in cash. 

In addition, the Chairman of the Board, the Vice Chairman of the Board, and
other Board members are entitled to a compensation of EUR 1,500 per attended
Board committee meeting. The Chairman of the Audit Committee of the Board of
Directors is, however, entitled to a compensation of EUR 3,000 per attended
Audit Committee meeting. Such compensation will be paid in connection with each
instalment of the annual remuneration to the extent accrued. Any compensation
accruing after the payment of the last instalment of the annual remuneration
will be paid, without undue delay, after the end of the term of office of the
Board member. No remuneration will be paid to Board members employed by the
company. Travel expenses will be compensated against receipt. 


KONECRANES PLC

Miikka Kinnunen
Vice President, Investor Relations




FURTHER INFORMATION
Mr. Christoph Vitzthum, Chairman of the Board, call-back requests tel. +358 40
195 5511 

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). 




DISTRIBUTION
Nasdaq Helsinki
Media
www.konecranes.com