Konecranes Oyj - Corporate Action

SHARE SUBSCRIPTIONS UNDER KONECRANES 2003C STOCK OPTION PLAN

KONECRANES PLC  STOCK EXCHANGE RELEASE   December 11, 2008 at 5.00 p.m.         

SHARE SUBSCRIPTIONS UNDER KONECRANES 2003C STOCK OPTION PLAN                    

A total of 96,000 new Konecranes shares have been subscribed for with the C     
series stock option rights under Konecranes 2003 stock option plan. The share   
subscription price was EUR 6.25/share.                                          

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 be recorded in the Trade Register on or about December 18,  
2008.                                                                           

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                      




DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Ltd                                                         
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www.konecranes.com