Konecranes Oyj - Company Announcement

THE BOARD OF DIRECTORS OF KONECRANES PLC DECIDED TO CONTINUE THE EMPLOYEE SHARE SAVINGS PLAN

KONECRANES PLC  STOCK EXCHANGE RELEASE  February 4, 2015  at 9:45

Konecranes Plc's Annual General Meeting of Shareholders 2012 decided to
implement an Employee Share Savings Plan in the Konecranes Group (the Plan).
The first Plan Period 2012—2013 was followed by second and third Plan Periods
2013—2014 and 2014-2015, respectively. In the Plan Period 2014—2015, the Plan
was offered to approximately 11,000 employees in 44 countries. The employee
participation rate is 15 percent globally and 33 percent in Finland. Through
the Plan, approximately 2,000 employees have become shareholders in Konecranes.
During the first Plan Period 2012—2013, approximately 81,000 Konecranes Plc's
shares were acquired with the savings of the Plan participants. During the
second Plan Period 2013—2014, approximately 102,000 Konecranes Plc's shares
were acquired with the savings of the Plan participants. 

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 1 July 2015 and end
on 30 June 2016. The maximum savings amount per participant during one month is
5 percent of gross salary and the minimum is EUR 10. 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, 15
February 2019, 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 2015—2016 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 November
2015. 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 Board of Directors proposes to the Annual General Meeting of Shareholders
to be held on March 26, 2015, that the Board of Directors be authorized to
decide on directed share issue without payment needed for the implementation of
the Plan. 

“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 Pekka Lundmark, 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 2014, Group sales totaled EUR 2,011 million. The Group has 12,000
employees at 600 locations in 48 countries. Konecranes is listed on the Nasdaq
Helsinki (symbol: KCR1V). 


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Nasdaq Helsinki
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