Konecranes Oyj - Company Announcement

The Board of Directors of Konecranes Plc resolved on key employee incentive plan

KONECRANES PLC  STOCK EXCHANGE RELEASE  June 15, 2016  at 09:05

The Board of Directors of Konecranes Plc has resolved to establish a new
share-based incentive plan directed to the Group key employees. The aim of the
plan is to combine the objectives of the shareholders and the key employees in
order to increase the value of the Company in the long-term, to retain the key
employees at the Company, and to offer them a competitive reward plan that is
based on earning and accumulating the Company’s shares. 

The long-term incentive plan consists of one discretionary period, calendar
year 2016. Approximately 200 key employees, including the members of the Group
Executive Board and Senior Management, belong to the target group of the plan. 

The potential reward from the plan will be based on the continuation of a key
employee´s employment or service and on the Konecranes Group’s adjusted
earnings before interest, taxes, depreciation and amortization (EBITDA). The
rewards to be paid on the basis of the plan correspond to an approximate
maximum total of 700,000 Konecranes Plc shares including also the proportion to
be paid in cash. 

The potential reward from the plan will be paid partly in Konecranes shares and
partly in cash after the discretionary period, by the end of August 2017. The
cash proportion is intended to cover taxes and tax-related costs arising from
the reward to a key employee. The shares paid as reward may not be transferred
during a restriction period established for the shares. The restriction period
shall begin from reward payment and end on December 31, 2018. 

The members of the Group Executive Board and Senior Management must retain 50
per cent of net shares received on the basis of the plan until such member´s
share ownership equals his or her annual gross base salary. Such number of
shares must be held as long as such member´s employment or service at
Konecranes continues. 

KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations



FURTHER INFORMATION

Miikka Kinnunen, Director, Investor Relations, Konecranes Plc, tel. +358 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 2015, Group sales totaled EUR 2,126 million. The Group has 11,600
employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq
Helsinki (symbol: KCR1V). 



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www.konecranes.com