KCI Konecranes' 2003 option rights entered into the Trade Register

The option rights of KCI Konecranes Plc’s option program 2003 have been distributed and accepted by the recipients and the option rights have been entered into the trade register. All 2003A series stock options were distributed to the key personnel of the company. According to the terms of the option program, the 2003B and 2003C stock options have been distributed to a subsidiary of KCI Konecranes Plc, Konecranes Finance Corporation, to be later issued to the present and future key personnel of KCI Konecranes Group.

The number of stock options is 600,000 and they are divided into three (A,B ja C) equal series. The share subscription period is:

for stock option 2003A 2.5.2005 – 31.3.2007,
for stock option 2003B 2.5.2006 – 31.3.2008 and
for stock option 2003C 2.5.2007 – 31.3.2009.

The share subscription price was determined in the stock option terms and conditions and was EUR 20.56/share. Each stock option right entitles its holder to subscribe for one (1) share in KCI Konecranes Plc.

As a result of share subscriptions based on the 2003 stock options, the share capital of KCI Konecranes Plc may be increased by a maximum of EUR 1,200,000 and the number of shares by a maximum of 600,000 new shares.

The issue of option rights was approved at the Annual General Meeting on 6 March, 2003 and stock option terms and conditions were published in a stock exchange release on 12 February, 2003.

For further information, please contact:

KCI Konecranes Plc
Ms. Sirpa Poitsalo, Director, General Counsel,
Tel. +358-20 427 2011