KONECRANES STOCK EXCHANGE RELEASE 2 APRIL, 2008 AT 13.25 Share subscriptions under Konecranes stock options A total of 102 600 new Konecranes shares have been subscribed with stock option rights under Konecranes' stock option plans as follows: Stock option right Shares Subscription price (EUR/share) 1999B-series 47,600 8.25 2003B-series 55,000 5,405 Following these subscriptions the number of Konecranes Plc's shares will increase to 61,150,020 shares. The subscription price will be booked in its entirety to the paid in capital. The new shares will be recorded in the Trade Register on or about April 11, 2008. The new shares will carry shareholders' rights from the date of registration. Konecranes will apply for their listing on the Helsinki Stock Exchange with the company's existing shares. Trading in the new shares will start on or about April 14, 2008. The remaining outstanding stock options entitle to subscription of 1,877,700 shares. The terms and conditions of all Konecranes ongoing stock option plans are available on the Investor Relations website at www.konecranes.com/investor. 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 8,400 employees, at more than 470 locations in 43 countries. Konecranes is listed on the OMX Helsinki Stock Exchange (symbol: KCR1V). KONECRANES PLC Paul Lönnfors Investor Relations Manager Further information can be obtained from Konecranes Plc Teo Ottola, Chief Financial Officer, tel. +358 20 427 2040 DISTRIBUTION OMX Nordic Exchange Helsinki Media