Konecranes appoints Teo Ottola as new CFO

Teo Ottola(MSc) has been appointed Chief Financial Officer (CFO) at Konecranes Plc. Hisareas of responsibility will be business control, accounting, financing andinvestor relations. The present CFO, Teuvo Rintamäki, announced his resignationin February 2007, but he will continue as CFO until Mr Ottola has settled in tohis new position. Mr Ottola will be a member of the Konecranes Group Executive Boardand will report to Pekka Lundmark, President & CEO. Mr Ottola will start inhis new position on 20 August 2007.

Mr Ottola hasworked at Elcoteq SE since 1996 and has been the company's CFO since 2004.Elcoteq SE is an OMX Helsinki listed company with net sales of MEUR 4,284 (2006)that specializes in electronics manufacturing services. At Elcoteq Mr Ottola isa member of the Management Team and reports to the CEO. He is responsible for businesscontrol and accounting, treasury, communications and investor relations, legalaffairs and risk management. Mr Ottola is 38 years old.

“Teo Ottolahas an excellent background with significant professional experience of financeand investor relations in a large international organization consisting of severalgeographical regions and global business areas. This equips him perfectly forsupporting Konecranes' growth ambitions in the global market,” says PekkaLundmark.

Further information:

Pekka Lundmark, Presidentand CEO, tel. +358 20 427 2000

Teo Ottola, Chief FinancialOfficer, tel. +358 50 521 1064

Konecranes is aworld-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 and services forlifting equipment of every make. In 2006, Group sales totalled EUR 1,483million. The Group has 7,800 employees, at more than 370 locations in 41 countries.Konecranes is listed on the OMX Helsinki Stock Exchange(symbol: KCI1V).

www.konecranes.com

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