KONECRANES PLC STOCK EXCHANGE RELEASE NOVEMBER 7, 2008 AT 2.30 P.M. SHARE SUBSCRIPTIONS UNDER KONECRANES 1997 STOCK OPTION PLAN A total of 45,884 new Konecranes shares have been subscribed for with stock options under Konecranes 1997 stock option plan. The share subscription price was EUR 6.5175/share. The total subscription price, EUR 299,048.97 will be booked to the paid in capital. The new shares will be recorded in the Trade Register on or about November 14, 2008. The subscription period for the options under Konecranes 1997 stock option plan ended on October 31, 2008. 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 9,600 employees, at more than 470 locations in 43 countries. Konecranes is listed on the OMX Nordic Exchange Helsinki (symbol: KCR1V). KONECRANES PLC Sanna Päiväniemi IR Manager FURTHER INFORMATION Konecranes Plc Teo Ottola, Chief Financial Officer, tel. +358 20 427 2040 DISTRIBUTION OMX Nordic Exchange Helsinki Media www.konecranes.com