Konecranes Oyj - Company Announcement

CORRECTION TO REUTERS NEWS

CORRECTION TO REUTERS NEWS                                                      

Reuters news agency published a brief interview on 10 October, which included   
details regarding Konecranes operations in China that are in need of some       
clarification.                                                                  

Konecranes' sales in the Asia-Pacific region represented 13 percent of          
Konecranes 2006 sales. China represented roughly one-third of sales in          
Asia-Pacific, and clearly less than 10 percent of group sales in 2006. Reuters' 
headline: “Asia to make up 50-55 pct of Konecranes global sales in 3-4 yr, vs   
current 30 pct” is therefore incorrect.                                         

As the Chinese market for Konecranes products and services is anticipated to    
grow faster than the global market in the long term, Konecranes expects its     
sales development to follow this trend. Konecranes target is that its 2007 and  
future sales growth in China would be faster than the Group's global sales      
growth.                                                                         

Konecranes started up production in its fourth plant in China in April 2007. The
company has no current plans to open additional plants in China, contrary to the
Reuters news.                                                                   

Konecranes strategy includes an active acquisition policy. The Group is         
therefore continuously studying acquisition and joint venture opportunities in  
several parts of the world, including companies in China.                       

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 2006, Group sales totaled EUR 1483 million. The Group has 8000        
employees, at more than 370 locations in 41 countries. Konecranes is listed on  
the OMX Helsinki Stock Exchange (symbol: KCR1V). www.konecranes.com             

KONECRANES PLC                                                                  



Paul Lönnfors                                                                   
IR Manager                                                                      




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