Konecranes Oyj - Company Announcement

The Board of Directors of Konecranes Plc decided to continue the employee share savings plan

KONECRANES PLC  STOCK EXCHANGE RELEASE  June 15, 2016  at 9:00

Konecranes Plc’s Annual General Meeting of Shareholders 2012 decided to
implement an Employee Share Savings Plan (the Plan) in the Konecranes Group.
There have been altogether four Plan Periods since 2012. Each of the Plan
Periods has had approximately 1,500 participants from 35 countries on average.
More than 300,000 Konecranes Plc shares have been bought by the participants
since 2012 as part of the Plan. 

On the basis of interest shown by the Group employees, the Board has decided to
launch a new Plan Period. The new plan period will begin on September 1, 2016
and end on June 30, 2017. The maximum savings amount per participant during one
month is 5 percent of gross salary and the minimum is EUR 50. Each participant
will receive one free matching share for every two acquired savings shares.
Matching shares will be delivered to a participant if the participant holds the
acquired shares from the plan period until the end of the designated holding
period, February 15, 2020, and if his or her employment has not ended before
this date for reasons related to the employee. The total amount of all savings
of the commencing plan period may not exceed EUR 8.5 million. The terms and
conditions of the Plan Period 2016—2017 are unchanged from the previous Plan
Periods. 

An employee will participate in the Plan for one year at a time. Shares will be
acquired with the accrued savings at the market price quarterly, after the
publication dates of the Konecranes interim results, commencing in October
2016. Any dividends paid on purchased shares during the commencing Plan period
will automatically be reinvested into additional shares on the following
purchase date. These shares will have an equal right to matching shares. 

“The Employee Share Savings Plan has been appreciated, and a significant number
of our employees have become shareholders in Konecranes. Based on good
experiences, we are happy to continue the Plan. We believe that the Plan will
enhance our employee engagement throughout the world and at all levels of our
organization”, says Mr. Panu Routila, the President and CEO. 

KONECRANES PLC


Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION
Mr Miikka Kinnunen, Director, Investor Relations, 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 the Nasdaq
Helsinki (symbol: KCR1V). 


DISTRIBUTION
Nasdaq Helsinki
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www.konecranes.com