http://www.konecranes.com These are the press releases from konecranes.com http://backend.userland.com/rss092 http://www.konecranes.com/portal/media/releases/?id=1344 The 66,800 new Konecranes shares subscribed for with the stock option rights under Konecranes 1997 stock option plan, B series stock option rights under 2001 stock option plan and the C series stock option rights under 2003 stock option plan have been recorded in the Trade Register on May 6, 2008.   Following these subscriptions the number of Konecranes Plc's shares will increase to 61,216,820 shares. The subscription price will be booked in its entirety to the paid in capital.   Trading in the new shares will start on or about May 7, 2008.   The terms and conditions of all Konecranes ongoing stock option plans are available on the Investor Relations website at www.konecranes.com/investor.   Further information can be obtained from Konecranes Plc Teo Ottola, Chief Financial Officer, tel. +358 20 427 2040   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).     DISTRIBUTION OMX Nordic Exchange Helsinki Media   http://www.konecranes.com/portal/media/releases/?id=1342 http://www.konecranes.com/portal/media/releases/?id=1339 http://www.konecranes.com/portal/media/releases/?id=1333 Konecranes has in February 2008 received an order for two reach stackers and four forklift trucks from terminal operator Oy Rauma Stevedoring Ltd in Finland. Rauma Stevedoring is an old customer of Konecranes and already has 32 Konecranes lifttrucks of different models and with varying capacities in its fleet. The ordered equipment will be delivered during 2008. The value of the order is not disclosed. Rauma Stevedoring was acquired in late 2007 by Babcock & Brown Infrastructures from Finnish forest products group UPM Kymmene. This has made Rauma Stevedoring a key player, enabling the Port of Rauma to offer all its services to the complete range of customers in the Finnish forest industry. Increasing container traffic has made the Port of Rauma today the fourth largest container port in Finland. In 2006 traffic increased 40 percent to 170,000 TEUs, and in 2007 the growth was 5 percent. Besides container traffic, also paper shipping is continuously increasing in the port, and today the port of Rauma is the largest paper exporting harbor in Finland. Paper is exported both break bulk and containerized. "Rauma Stevedoring's decision to choose Konecranes equipment confirms that large customers with extremely demanding, round the clock operations appreciate more than just the good performance and high quality of our machines," says Patrik Starck, Sales Manager, Lifttrucks, Konecranes. "It also shows that our well-developed service network meets the requirements of professional terminal operators and ensures high uptime for their trucks." "This type of project demonstrates that Konecranes is a forerunner in offering inventive solutions for demanding applications," says Mikael Andersson, Product Manager at Konecranes Lifttrucks in Markaryd, Sweden. The ordered Konecranes reach stackers are for container handling. They have a lifting capacity of 45 metric tons and can stack five containers high. The forklift trucks are specially equipped for handling paper rolls, and can handle a maximum of 6 rolls at a time. As paper rolls are very delicate and easily damaged, Konecranes has in close cooperation with the customer developed a computer-based system to improve the handling of paper rolls. When the lifttruck is moving paper rolls, the system ensures that the rolls are lowered evenly to the ground, to prevent them from getting damaged. This technology means considerable savings for customers. Further information: Press Patrik Starck, Sales Manager, Lifttrucks E-mail: patrik.starck@konecranes.com or phone +358 20 427 6012 Financial Media and AnalystsPaul Lönnfors, Investor Relations Manager E-mail: paul.lonnfors@konecranes.com or phone +358 20 427 2050 This press release and a downloadable picture are available at our website www.konecranes.com Caption: "Konecranes supplies reach stackers and lift trucks to Rauma Stevedoring in Finland." 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, in more than 470 locations in 43 countries. Konecranes is listed on the OMX Helsinki Stock Exchange (symbol: KCR1V). http://www.konecranes.com/portal/media/releases/?id=1330 Konecranes has in March 2008 received an order for twelve rubber tired gantry (RTG) cranes from Spanish company MSC Terminal Valencia (MSC), a subsidiary of the Swiss-based MSC Mediterranean Shipping Company group. Konecranes will also provide servicing for the RTGs ordered. The cranes will be delivered at the end of 2008 and the beginning of 2009. The value of the order is not disclosed. MSC Mediterranean Shipping Company S.A. is one of the leading global shipping lines. During the past few years the company has expanded its maritime fleet substantially and is today the second largest container carrier. The company has also increased its ownership in container terminals. To keep up with the continuous increase in container traffic, MSC decided to invest in twelve RTGs for their container terminal in Valencia. Konecranes is well known in the container terminals in Valencia, since it has previously delivered tens of RTGs to them. The RTGs ordered are new generation RTGs, which have been designed to take account of future environmental requirements. Thanks to a special fuel saving system they can save up to 30 % in fuel consumption. They have a lifting capacity of 50 metric tons and can stack one over five containers high and six plus truck lane wide. The cranes will also be equipped with Konecranes YardIT GPS autosteering, container positioning and autostop features. "Through this delivery Konecranes is strengthening its position as leading RTG supplier in the Mediterranean area," says Aku Lehtinen, Director, RTG cranes at Konecranes. "Our strong position and service network in Spain, together with the advanced technical solutions offered were decisive factors in signing this agreement."Further information:PressAku Lehtinen, Director, RTG CranesE-mail: aku.lehtinen@konecranes.com or phone +358 20 427 2665 Financial Media and Analysts:Paul Lönnfors, IR ManagerE-mail: paul.lonnfors@konecranes.com or phone +358 20 427 2050This press release and a downloadable picture are available at our website www.konecranes.com Caption: �Konecranes is supplying twelve RTGs to MSC's terminal in Valencia, Spain.� 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, in more than 470 locations in 43 countries. Konecranes is listed on the OMX Nordic Exchange Helsinki (symbol: KCR1V). http://www.konecranes.com/portal/media/releases/?id=1327 Konecranes has signed an agreement to acquire the Ukrainian service company Craneservice Ukraine. The company has 140 employees and annual sales of over MEUR 5. The value of the acquisition is not disclosed.Headquartered in Odessa, Craneservice Ukraine operates in the major ports of Ukraine, such as Mariupol, Iljichevsk and Odessa, in practice serving and modernizing all crane brands in the region. The company has a skill set both in mechanics and electronics, and has also entered the market of maintaining Electrical Overhead Traveling (EOT) cranes.This acquisition is strategically important for Konecranes. An investment boom has started in Ukraine and in ports in the Black Sea region. The process and general manufacturing industries are growing. This means great potential for Konecranes' products and services.“The acquired unit will strengthen Konecranes' position in Ukraine, especially in port crane maintenance,” says Seppo Hoppu, Director, East Europe. “Craneservice will also serve as a base for skilled technicians and will form a strong support unit for Konecranes' activities in Russian speaking areas.”Further informationPressSeppo Hoppu, Director, East Europee-mail: or phone: +358 20 427 4100Financial Media and AnalystsPaul Lönnfors, Investor Relations Manager e-mail: paul.lonnfors@konecranes.com or phone: +358 20 427 2050This press 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 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, in more than 470 locations in 43 countries. Konecranes is listed on the OMX Nordic Exchange Helsinki (symbol: KCR1V). www.konecranes.com http://www.konecranes.com/portal/media/releases/?id=1324 Konecranes has in mid April acquired Spanish company Ausió Sistemas de Elevación S.L. (Ausió). The company specializes in manufacturing, sales and service of industrial cranes and hoists. Konecranes acquired the company from its owner, who will continue as General Manager in the company. The company has some 100 employees and net sales of EUR 17 Million. The value of the acquisition is not disclosed. Ausió is a significant player in the Spanish crane business. Ausió's headquarters and main manufacturing facilities are located in Vic, about an hour's drive northwest of Barcelona. The company manufactures about 600 cranes a year. Crane sales and service are handled through Ausió's own service outlets and through a sales network. The acquisition will expand Konecranes' existing presence in Spain, which includes operations in Valencia, San Sebastian and Madrid. "The acquisition of Ausió is strategically a very important step for Konecranes," says Pekka Päkkilä, President, Standard Lifting at Konecranes. "Earlier this year, Konecranes acquired the Spanish company Eydimen 2000 S.L. These two companies together give us excellent access to two of the most important EOT crane and service markets in Spain  - Catalonia and the Basque region." Following this acquisition Konecranes will be able to market its entire product portfolio in Spain. Until now, Konecranes has been very active in Spanish ports. The company is well-known and has delivered several cranes to the ports of Valencia and Barcelona, for example. Eydimen has marketed Konecranes CXT industrial cranes and components in the country. The acquisition of Ausió complements our marketing network and gives an opportunity to introduce Konecranes process cranes to the Spanish market. In addition, the service business has much growth potential in the country. Further information: Press Pekka Päkkilä, President, Standard Liftinge-mail: pekka.pakkila@konecranes.com or phone: +358 20 427 3000 Financial Media and AnalystsPaul Lönnfors, Investor Relations Managere-mail: paul.lonnfors@konecranes.com or phone: +358 20 427 2500 This press release 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 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, in more than 470 locations in 43 countries. Konecranes is listed on the OMX Nordic Exchange Helsinki (symbol: KCR1V). www.konecranes.com http://www.konecranes.com/portal/media/releases/?id=1321 http://www.konecranes.com/portal/media/releases/?id=1318 The 102 600 new Konecranes shares subscribed for with B series stock option rights under Konecranes 1999 and 2003 stock option plans have been recorded in the Trade Register on April 14, 2008. 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. Trading in the new shares will start on or about April 15, 2008. The terms and conditions of all Konecranes ongoing stock option plans are available on the Investor Relations website at www.konecranes.com/investor. Further information can be obtained fromKonecranes PlcTeo Ottola, Chief Financial Officer, tel. +358 20 427 2040Konecranes 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 Nordic Exchange Helsinki (symbol: KCR1V).DISTRIBUTIONOMX Nordic Exchange Helsinki Media http://www.konecranes.com/portal/media/releases/?id=1315 Konecranes will publish its January – March 2008 Interim Report on Tuesday, April 29, 2008 at 10.00 a.m. Finnish time. The report will be available on the company's website at www.konecranes.com after publishing.   An analyst and press conference will be held at the Konecranes offices (address Eteläesplanadi 22 B, inner court, 2nd floor) at 12.00 noon. Finnish time. Please confirm your attendance by Wednesday, April 23, 2008 to katja.hurskainen@konecranes.com.   A live webcast of the conference with the possibility to ask questions will begin at 12.00 noon at www.konecranes.com.     Further information can be obtained fromKonecranes PlcPaul Lönnfors, IR Manager, tel. +358 (0)20 427 2050Konecranes 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). DISTRIBUTIONOMX Nordic Exchange Helsinki Media   http://www.konecranes.com/portal/media/releases/?id=1312 The subscription period for the B series options under Konecranes 2003 option program ended on 31 March, 2008. In total, 800,000 new shares were subscribed under the program, which increased Konecranes' share capital by EUR 275,600. The subscription rights for the 2003B series stock options were fully exercised.The Konecranes 1999B option program ended on 31 March, 2008, and 416,000 new shares were subscribed under the program, which increased Konecranes share capital by EUR 155,400. 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 1999B 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/investor. Further information can be obtained fromKonecranes PlcTeo Ottola, Chief Financial Officer, tel. +358 20 427 2040Konecranes 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 Nordic Exchange Helsinki (symbol: KCR1V).DISTRIBUTIONOMX Nordic Exchange HelsinkiMedia http://www.konecranes.com/portal/media/releases/?id=1309 http://www.konecranes.com/portal/media/releases/?id=1306 Konecranes has signed an agreement to exercise its option to raise its holding in the joint venture company Meiden Hoist System Company, Ltd. (MHS) of Japan from 49 to 65 percent. The transaction will be finalized on March 31, 2008. Konecranes and Meidensha Corporation (Meiden), a Japanese company, entered into a joint venture agreement concerning the hoist business in Japan on November 6, 2002. Under the agreement, Konecranes was granted a call option to increase its holding in MHS by 16 percent. The call option was exercisable before March 31, 2008. Meiden earlier held 51 % and Konecranes 49 % of the shares in the joint venture company MHS. Konecranes has signed an agreement to exercise the call option to acquire an additional 16 percent interest in MHS. MHS has been marketing the MXT branded hoist in Japan since April 2003 in parallel with conventional MHS hoists, and holds approximately ten percent of the electric wire rope hoist market in Japan. The MXT hoist is based on Konecranes' successful CXT hoist technology. By increasing its shareholding in MHS up to 65%, Konecranes targets to increase its presence in the large Japanese hoist market as well as in Japanese export markets. The transaction is subject to regulatory approval.Further information:PressHarry Ollila, President Konecranes Northeast Asia RegionE-mail: harry.ollila@konecranes.com or phone +8613788903876 Financial Media and Analysts:Mikael Wegmüller, Director, Marketing and CommunicationsE-mail: mikael.wegmuller@konecranes.com or phone +358 20 427 2008This press release is available at our website www.konecranes.comMeidensha Corporation, headquartered in Tokyo, Japan is a heavy electric machinery manufacturer. The company has three Business Groups - Social Infrastructure Systems, Industrial Systems and Engineering Systems. Meidensha has annual sales of JYE 200 billion and 7,000 employees. The company is listed on the Tokyo Stock Exchange. For further information please visit the Meidensha web site at: www.meidensha.co.jp.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). www.konecranes.com http://www.konecranes.com/portal/media/releases/?id=1303 In the beginning of March 2008, Konecranes acquired the entire share capital of Spanish crane and service company Eydimen 2000 S.L., based in San Sebastian in Northern Spain. Prior to this transaction, Konecranes held 19.2 per cent of the share capital in Eydimen, which has been selling Konecranes-branded industrial cranes in Spain since 2005. The shares were acquired from the company's management, who will continue in the company. The value of the acquisition is not disclosed. Spain is one of the largest crane and service markets in Europe. Acquiring the full ownership of Eydimen is in line with Konecranes' strategy of becoming a major crane and service company in all major markets. Eydimen is located in one of Spain's most important industrial hubs, and it markets its products and services throughout the country. "Through full ownership of Eydimen we significantly increase our focus and ability to grow on the attractive market for cranes and crane service in Spain," says Pekka Päkkilä, President, Standard Lifting at Konecranes. The company, which has 15 employees, will be named Konecranes Gruas S.L. Further information:PressPekka Päkkilä, President, Standard Lifting, Konecranes Plc E-mail: pekka.pakkila@konecranes.com or phone +358 20 427 3000 Financial Media and Analysts: Paul Lönnfors, IR ManagerE-mail: paul.lonnfors@konecranes.com or phone +358 20 427 2050 This press release 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 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 Nordic Exchange Helsinki (symbol: KCR1V). http://www.konecranes.com/portal/media/releases/?id=1300 The 8,640 new Konecranes shares subscribed for with the B series stock option rights under Konecranes 1999 stock option plan and the C series stock option rights under Konecranes 2003 stock option plan have been recorded in the Trade Register on March 19, 2008.  Following these subscriptions the number of Konecranes Plc's shares will increase to 61,047,420 shares. The subscription price will be booked in its entirety to the paid in capital. Trading in the new shares will start on or about March 20, 2008. The terms and conditions of all Konecranes ongoing stock option plans are available on the Investor Relations website at www.konecranes.com/investor.   Further information can be obtained fromKonecranes PlcTeo Ottola, Chief Financial Officer, tel. +358 20 427 2040 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 Nordic Exchange Helsinki (symbol: KCR1V). DISTRIBUTIONOMX Nordic Exchange Helsinki Media   http://www.konecranes.com/portal/media/releases/?id=1297 Konecranes has in February 2008 received two orders for RTG cranes from Spanish operator Terminal de Contenidors de Barcelona, S.L. (TCB Group). The orders are for seven RTGs, of which four will be delivered to TCB Group's terminal TCP in Paranagua in Brazil and three to TCB Group's terminal TCV in Valencia in Spain. The cranes will be delivered at the end of 2008. The value of the orders is not disclosed.With the continuous increase in container traffic, TCB Group is acquiring additional container handling equipment for its terminals. TCB Group is an old customer of Konecranes, which supplied its first cranes to the company in 1993. Today TCB Group has several types of Konecranes cranes in their terminals.The RTGs ordered are new generation RTGs, which have been designed to take account of future environmental requirements. Thanks to a special fuel saving system they can save up to 30 % in fuel consumption. They have a lifting capacity of 50 tonnes and can stack one over five containers high and six plus truck lane wide.“We chose Konecranes RTGs because of their great performance, high availability, and low operating and maintenance costs. Also our crane drivers like them very much, thanks to the good driving sensation and accurate control given by the 16-wheel configuration and the Active Load Control system. We think this is the best choice for us,” says Sergio Osete, Project Manager, TCB Group. "Global container terminal operators, like TCB Group, are a very important customer segment for Konecranes,” says Aku Lehtinen, Director, RTG cranes at Konecranes. “Through our global network we can serve them wherever their business expands. The latest orders prove that the customer is satisfied with Konecranes equipment.” Further information:Press:Aku Lehtinen, Director, RTG Cranes E-mail: aku.lehtinen@konecranes.com or phone +358 20 427 2665 Financial Media and Analysts:Paul Lönnfors, IR ManagerE-mail: paul.lonnfors@konecranes.com or phone +358 20 427 2050This press release and a downloadable picture are available at our website www.konecranes.com  Caption: ”Konecranes supplies RTGs to terminals in Spain and Brazil.” 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).   http://www.konecranes.com/portal/media/releases/?id=1294 http://www.konecranes.com/portal/media/releases/?id=1291 The Annual General Meeting of Konecranes Plc was held on Thursday, 13 March 2008 at 11 a.m. at the Company's auditorium in Hyvinkää, Finland. The meeting approved the company's Financial Statements for the fiscal year 2007 and discharged the members of the Board and Managing Director from liability.Payment of dividend The AGM approved the Board's proposal that a dividend of EUR 0.80 is paid on each share. Dividend will be paid to shareholders who are registered on the record date 18 March 2008 as shareholders in the Company's shareholders' register maintained by the Finnish Central Securities Depository Ltd. The dividend will be paid on 28 March 2008.Composition of the Board of Directors The AGM approved the proposal of the Nomination and Compensation Committee that eight (8) members of the Board of Directors be elected. Board member Stig Stendahl had announced that he is not available for re-election. The other Board members elected in the AGM in 2007 were re-elected, thus Mr Svante Adde, Mr Kim Gran, Mr Stig Gustavson, Mr Matti Kavetvuo, Ms Malin Persson, Mr Timo Poranen and Mr Björn Savén were re-elected. Mr Mikael Silvennoinen, managing director of Pohjola Bank plc was elected as a new member. The AGM confirmed the annual compensation to the Board Members: Chairman of the Board EUR 100,000, Vice Chairman of the Board EUR 64,000 and other Board Members EUR 40,000. In addition, compensation of EUR 1,500 per meeting will be paid for attendance at Board committee meetings. The annual compensation can be paid either in cash or in Konecranes Plc's shares acquired from the market. Travel expenses of Board members are compensated for against receipt.Election of the Auditors According to the Articles of Association, the auditors are elected to office until further notice. The AGM confirmed that Ernst & Young Oy continues as the Company's external auditor.Authorization of the Board of Directors to Repurchase the Company's Own SharesThe AGM authorized the Board of Directors to resolve to repurchase the Company's own shares as follows:No more than 6,097,878 shares may be repurchased. The Company cannot at any moment together with its subsidiaries own more than 10 per cent of all the registered shares of the Company.The minimum repurchase price of the shares is the lowest market price of the Company's shares quoted in public trading during the time of the authorization and the maximum repurchase price is the highest market price quoted in public trading during the time of the authorization. The Board of Directors resolves upon the methods of the repurchase and other provisions. Among others, derivatives can be used in the purchase. The shares can be purchased with deviation from the proportioned holdings of the shareholders (directed purchase).The Company's own shares can be purchased on the basis of the authorization only by using non-restricted equity. Hereby the repurchase will reduce the Company's distributable non-restricted equity.This authorization shall be effective until the next Annual General Meeting of Shareholders, however no longer than until 12 September 2009.Authorization of the Board of Directors to Transfer the Company's Own SharesThe AGM authorized the Board of Directors to resolve to transfer the Company's own shares as follows:The authorization is limited to a maximum of 6,097,878 shares. The shares may be transferred in one or several tranches. The Board of Directors is authorized to resolve upon the terms and conditions of the transfer of the Company's own shares. The shares may be transferred with deviation from the shareholders' pre-emptive right, provided that weighty financial grounds exist for this. The Board of Directors can also use this authorization to grant stock option rights and other special rights concerning the Company's own shares, referred to in Chapter 10 of the Companies Act but not, however, to resolve upon a personnel stock option plan.This authorization shall be effective until the next Annual General Meeting of Shareholders, however no longer than until 12 September 2009. Authorization of the Board of Directors to resolve upon share issue and issue of stock option rights as well as of other special rights entitling to sharesThe AGM authorized Board of Directors to resolve upon share issue as well as upon issue of stock option rights, convertible bonds and other special rights entitling to shares referred to in Chapter 10 Section 1 of the Companies Act as follows. Shared issued on the basis of the authorization are new shares of the Company. The authorization is limited to issuance of a maximum of 12,195,756 shares.On the basis of the authorization, the Board of Directors may also resolve upon issuance of new shares to the Company itself. The Company cannot, however, at any moment together with its subsidiaries own more than 10 per cent of all the registered shares of the Company. The shares issued may then, among other things, be transferred on the basis of the authorization granted for the Board of Directors to transfer the company's own shares. The Board of Directors is authorized to resolve upon all the terms and conditions of the share issue and the issuance of special rights entitling to shares. The shares and the special rights entitling to shares may be issued with deviation from the shareholders' pre-emptive right, provided that weighty financial grounds exist for this. The authorization does not, however, concern resolving upon a personnel stock option plan. This authorization shall be effective until the next Annual General Meeting of Shareholders, however no longer than until 12 September 2009. This authorization shall be in force simultaneously with the authorization to resolve to transfer the Company's own shares. Partial change of the 1997 stock option program The AGM approved the Board of Directors' proposal that Section 5 of the terms of share subscription in the stock option program approved by the General Meeting of Shareholders on 4 March 1997 concerning shareholders' rights, is amended to read as follows: ”The right to dividend pertaining to the shares and other shareholders' rights shall commence on the date when the new shares are registered with the Trade Register." Partial change of the 1999 stock option program The AGM approved the Board of Directors' proposal that Section 5 of the terms of share subscription in the stock option program approved by the General Meeting of Shareholders on 11 March 1999 concerning shareholders' rights, is amended to read as follows: ”The right to dividend pertaining to the shares and other shareholders' rights shall commence on the date when the new shares are registered with the Trade Register." Partial change of the 2001 stock option programThe AGM approved the Board of Directors' proposal that Section 5 of the terms of share subscription in the stock option program approved by the General Meeting of Shareholders on 8 March 2001 concerning shareholders' rights, is amended to read as follows: ”The right to dividend pertaining to the shares and other shareholders' rights shall commence on the date when the new shares are registered with the Trade Register." In Hyvinkää, March 13, 2008Konecranes PlcThe Board of Directors  Further information Ms Sirpa Poitsalo, Director, General Counsel, tel. +358 20 427 2011 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). DISTRIBUTIONOMX Nordic Exchange Helsinki Media   http://www.konecranes.com/portal/media/releases/?id=1288 Konecranes President & CEO Pekka Lundmark's presentation at today's Annual General Meeting includes comments to the recent development in the demand for Konecranes' products and services. "The development in the first two months of the year gives reason for optimism. Order intake has continued to increase in January-February and the number of new inquiries were on a high level, also in the United States," Lundmark comments. The 2008 outlook was reiterated."We target double-digit sales growth and see potential to improve the operating margin from the 10.0 percent achieved in 2007," Lundmark stated.Konecranes first quarter interim report will be published on 29 April, 2008. Further information: Paul Lönnfors, IR Manager, phone: +358 20 427 2050Konecranes 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). DISTRIBUTIONOMX Nordic Exchange Helsinki Media http://www.konecranes.com/portal/media/releases/?id=1285 There were inaccuracies on the following pages of the pdf version of Konecranes Plc's Annual Review 2007 published on February 29, 2008:Page 4, the first graph at the bottom of the page, "Sales by Business Area 2007":- The correct figure for Heavy Lifting is MEUR 519.3 (not MEUR 519.6)Page 4, the second graph at the bottom of the page, "EBIT by Business Area 2007":- The correct figure for Heavy Lifting is MEUR 34.0 (not MEUR 34.4)Page 17, Key Figures:- The operating margin (%) for Service 2007 is 12.5 (not 14.0), and the figure for 2006 is 10.1 (not 11.8)The amended pdf versions are available in English, Finnish, Swedish and German on the company's investor site at www.konecranes.com/investor > Reports and Presentations. For further information, please contact:Konecranes PlcPaul Lönnfors, IR Manager, tel. +358 (0)20 427 2050Konecranes 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).DISTRIBUTIONOMX Nordic Exchange Helsinki Media