SUBSCRIPTION PERIOD FOR KONECRANES 2001 AND 2003 A-SERIES OPTION PROGRAMS ENDS


KONECRANES PLC  STOCK EXCHANGE ANNOUNCEMENT  2 April, 2007 3.15 p.m.            

SUBSCRIPTION PERIOD FOR KONECRANES 2001 AND 2003 A-SERIES OPTION PROGRAMS ENDS  

The subscription period for the A series options under Konecranes 2003 option   
program ended on 31 March, 2007. In total, 800,000 new shares were subscribed   
under the program, which increased Konecranes' share capital by EUR 400,000. The
subscription rights for the 2003A series stock options were fully exercised.    

The Konecranes 2001A option program ended on 31 March, 2007, and 508,400 new    
shares were subscribed under the program, which increased Konecranes share      
capital by EUR 228,000.                                                         

According to the decision made by the Annual General Meeting of Shareholders on 
8 March, 2007, new shares subscribed for under Konecranes' option programs and  
recorded in the Trade Register will no longer increase the share capital, but   
will be booked entirely to the invested non-restricted equity fund. The         
Konecranes 2001A option program entitled to subscriptions of 600,000 shares in  
total. The option rights that were not exercised by the end of the subscription 
period are no longer valid. The terms and conditions of Konecranes' option      
programs are available at www.konecranes.com.                                   

Konecranes is a world-leading group of Lifting Businesses(TM), serving a broad  
range of customers, including manufacturing and process industries, shipyards,  
ports and terminals. Konecranes provides productivity-enhancing lifting         
solutions and services for lifting equipment of every make. In 2006, Group sales
totalled EUR 1,483 million. The Group has 7,500 employees, at more than 370     
locations in 41 countries. Konecranes is listed on the OMX Helsinki Stock       
Exchange (KCR1V).                                                               

KONECRANES PLC                                                                  


Paul Lönnfors                                                                   
IR Manager                                                                      




FURTHER INFORMATION                                                             
Konecranes Plc                                                                  
Paul Lönnfors, IR Manager, tel. +358 20 427 2050                                




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