Appointments in the Group management

Stock exchange releases

The Board of Directors of KCI Konecranes International Plc made the following appointments:

Mr. Arto Juosila, M.Sc. (Econ.), 47, is appointed Group Vice President in charge of the Group's Asia Pacific operations. Mr. Juosila’s direct responsibilities include Standard Lifting Equipment operations in China, Japan and Korea. He is also responsible for the supervision and administration of Group’s other Business Area operations within the Region.

Concurrent with this appointment and as of the same day the Group’s Asia Pacific Headquarters will be relocated from Singapore to Shanghai, China.

Previously Mr. Juosila held the position of President Standard Lifting Equipment.

Mr. Arto Juosila reports to Mr. Stig Gustavson, Group CEO.

Mr. Rainer Aalto, B.Sc. (Econ.), 57, is appointed Director, Business Development. Mr. Aalto will relocate to Group Headquarters from Singapore where he held the position Group Vice President, Region Asia Pacific.

Mr. Aalto reports to Mr. Stig Gustavson, Group CEO.

Mr. Pekka Päkkilä, B.Sc. (Eng.), 41, is appointed President of Standard Lifting Equipment Business Line (SLEQ). Since June 2002 Mr. Päkkilä has held the position of Director, Industrial Cranes and Components in SLEQ.

Mr. Päkkilä reports to Mr. Matti Ruotsala, Group COO.

Having reached retirement age in June, 2002, Mr. Charles E. Vanarsdall, MBA, 65, will leave his current duties as Group Vice President, Region Americas. Mr. Vanarsdall will continue his employment in an advisory capacity on a part-time basis.

These appointments are effective as of 1 January, 2003.

Ms. Katri Pietilä, M.Sc. (Econ.), 41, presently Director, Administration and Communication, will leave her position on February 20, 2003, to continue her career for another employer outside the Group, in her home town Hämeenlinna.

The Management of Region Americas as well as the management of the Administration and Communications function at Group Headquarters, will be reorganized internally.

For further information, please contact:

KCI Konecranes International Plc
Mr Stig Gustavson, President and CEO
Tel. +358-20 427 2000