KONECRANES PLC - KONECRANES PLC STOCK EXCHANGE RELEASE August 9, 2011 at 15:30

The Board of Directors of Konecranes Plc has today decided, in accordance with the authorization granted by the Annual General Meeting on March 31, 2011, to repurchase a maximum amount of 3,000,000 Company’s own shares, which corresponds to approx. 4.7 percent of all the shares of the Company. In addition, Konecranes Plc is currently in possession of 2,524,760 own shares directly and 517,696 own shares indirectly through KCR Management Oy. The shares will be purchased with the Company’s non-restricted equity. The repurchase will reduce the Company’s distributable non-restricted equity.

The repurchase of shares will be executed in public trading on the NASDAQ OMX Helsinki at the market price prevailing at the time of repurchase. The Company’s own shares will be repurchased to be used as compensation in possible acquisitions, or to develop the capital structure of the Company including possible cancellation of shares.

The repurchase of own shares will start no earlier than August 16, 2011 and end no later than March 1, 2012.

KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION

Mr Teo Ottola, Chief Financial Officer, tel. +358 20 427 2040
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 2010, Group sales totaled EUR 1,546 million. The Group has almost 11,200 employees at 578 locations in 46 countries. Konecranes is listed on the NASDAQ OMX Helsinki (symbol: KCR1V).


DISTRIBUTION

NASDAQ OMX Helsinki
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www.konecranes.com