Konecranes Oyj - Inside information

Terex has announced its intention to sell shares in Konecranes in an accelerated book-building process and Konecranes has waived certain transfer restrictions

KONECRANES PLC STOCK EXCHANGE RELEASE February 14, 2017 at 18:35 EET

Konecranes Plc (“Konecranes” or the “Company”) has received information
regarding Terex Corporation's ("Terex") intention to sell up to 7,450,000
shares in Konecranes (the “Share Sale”), corresponding to approximately 9.5
percent of all outstanding shares in Konecranes (excluding treasury shares).
Prior to the Share Sale, Terex owns 19,600,000 Class B shares in the Company.
The Share Sale will be based on an accelerated book-building process, which
will be launched immediately. The pricing of the Share Sale will be agreed at
the close of the book-building process, and the results and pricing of the
Share Sale will be announced by Terex as soon as practicable thereafter. 

According to the shareholders agreement between Terex and Konecranes dated
January 4, 2017 (the “Shareholders Agreement”), Terex has the right to sell
Class B shares only after a three-month lock-up period and Terex has also under
the Shareholders Agreement and Konecranes's Articles of Association agreed to
certain transfer restrictions on its Konecranes shares, including a restriction
(subject to certain exceptions) that no purchase of shares sold by Terex will
result in the purchaser owning more than 3% of the total number of Konecranes
shares. The Company has granted Terex a temporary waiver of the lock-up period
under the Shareholders Agreement and also agreed to the potential sale of up to
additional 3% of the total number of Konecranes shares to any existing
shareholders participating in the Share Sale despite their earlier shareholding
in Konecranes. 

The Company intends to convert any shares sold in the Share Sale to Class A
shares subject to the receipt of a conversion request in accordance with
Konecranes's Articles of Association. 

KONECRANES PLC

Miikka Kinnunen
Vice President, Investor Relations



FURTHER INFORMATION
Miikka Kinnunen, Vice President, Investor Relations, Konecranes Plc, tel. +358
(0)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 of all makes. The Group has
18,000 employees at 600 locations in 50 countries. Konecranes class A shares
are listed on the Nasdaq Helsinki (symbol: KCR). 



DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com