Teo Ottola (MSc) has been appointed Chief Financial Officer (CFO) at Konecranes Plc. His areas of responsibility will be business control, accounting, financing and investor relations. The present CFO, Teuvo Rintamäki, announced his resignation in February 2007, but he will continue as CFO until Mr Ottola has settled in to his new position. Mr Ottola will be a member of the Konecranes Group Executive Board and will report to Pekka Lundmark, President & CEO. Mr Ottola will start in his new position on 20 August 2007. Mr Ottola has worked at Elcoteq SE since 1996 and has been the company's CFO since 2004. Elcoteq SE is an OMX Helsinki listed company with net sales of MEUR 4,284 (2006) that specializes in electronics manufacturing services. At Elcoteq Mr Ottola is a member of the Management Team and reports to the CEO. He is responsible for business control and accounting, treasury, communications and investor relations, legal affairs and risk management. Mr Ottola is 38 years old. “Teo Ottola has an excellent background with significant professional experience of finance and investor relations in a large international organization consisting of several geographical regions and global business areas. This equips him perfectly for supporting Konecranes' growth ambitions in the global market,” says Pekka Lundmark. This press release together with a downloadable picture of Mr Ottola and his CV is available at our website www.konecranes.com 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 and services for lifting equipment of every make. In 2006, Group sales totalled EUR 1,483 million. The Group has 7,800 employees, at more than 370 locations in 41 countries. Konecranes is listed on the OMX Helsinki Stock Exchange (symbol: KCI1V). KONECRANES PLC Paul Lönnfors IR Manager FURTHER INFORMATION Konecranes plc Pekka Lundmark, President and CEO, tel. +358 20 427 2000 Teo Ottola, Chief Financial Officer, tel. +358 50 521 1064 DISTRIBUTION OMX Helsinki Stock Exchange Media