Konecranes Oyj - Company Announcement

FRAUD AGAINST KONECRANES SUBSIDIARY - POLICE INVESTIGATIONS IN PROCESS

KONECRANES PLC  STOCK EXCHANGE RELEASE  August 14, 2015  at 14:00

One of Konecranes foreign subsidiaries has become the victim of a fraud. The
perpetrators have through identity theft and other fraudulent actions managed
to induce the subsidiary to make unwarranted payments in a total amount of up
to EUR 17.2 million. Konecranes has reported the crime to the police
authorities in the relevant countries and is working closely with the
authorities to recover its losses and to bring the perpetrators of the fraud to
justice. 

Konecranes has a crime insurance covering the whole group of companies in which
the sum insured is EUR 10 million. 

Since the potential losses caused by the fraud are extraordinary costs, which
do not affect Konecranes ability to generate operating profit, they will not
affect the 2015 financial guidance previously published by Konecranes. 

Konecranes hopes that this information shall also help other companies to avoid
becoming victims of similar crimes. Having regard to the ongoing police
investigations, and to maximize their chances of success, Konecranes will not
give further information on the incident at this stage. 

KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations



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 2014, Group sales totaled EUR 2,011 million. The Group has 11,900
employees at 600 locations in 48 countries. Konecranes is listed on the Nasdaq
Helsinki (symbol: KCR1V). 



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