Konecranes Oyj - Company Announcement

CORRECTION TO FINANCIAL TIMES ARTICLE

KONECRANES PLC  STOCK EXCHANGE RELEASE  JULY 29, 2008 KL. 15.20                 

CORRECTION TO FINANCIAL TIMES ARTICLE                                           

Financial Times published an article “Konecranes proves a tower of strength” at 
6.50 p.m. on July 28, 2008 on the website ft.com, which included an error. The  
initial article, which now has been corrected, stated “For the whole of 2008, Mr
Lundmark hopes to see growth in operating profits of above 10 per cent”. The    
article is based on an interview with Mr. Lundmark on June 15, 2008 in which he 
reiterated the operating margin target for 2008 “The Group EBIT margin is       
targeted to exceed the comparable level of 10.0 percent (excluding capital gain)
achieved in 2007.”                                                              

About Konecranes                                                                
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 more than  
8,400 employees, in more than 470 locations in 43 countries. Konecranes is      
listed on the OMX Helsinki Stock Exchange (symbol: KCR1V).                      

KONECRANES PLC                                                                  



Paul Lönnfors                                                                   
IR Manager                                                                      




FURTHER INFORMATION                                                             
Financial Media and Analysts                                                    
Paul Lönnfors, Investor Relations Manager                                       
E-mail: paul.lonnfors@konecranes.com or phone +358 20 427 2050                  




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OMX Nordic Exchange Helsinki                                                    
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