Konecranes finalizes sale of a considerable part of its Finnish real estate

On March 27, 2007, Konecranes announced that it had signed of a letter of intent regarding the sale of six properties located in Hyvinkää and Hämeenlinna, Finland comprising a building area of approximately 74,000 square meters and a land area of roughly 240,000 square meters to the Swedish-based real estate company AB Sagax (publ.). Konecranes has on April 30, 2007 finalized the transaction.

As previously announced, the aggregate sales price is EUR 30.5 million. As a result of the transaction, Konecranes will book a capital gain after transaction costs and taxes of approx. EUR 12.8 million in the second quarter of 2007. The full cash flow effect is estimated to materialize during this summer, at the latest.

For further information please contact:
Konecranes Plc
Teuvo Rintamäki, 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 and services for lifting equipment of every make. In 2006, Group sales totalled EUR 1,483 million. The Group has 7,800 employees, at more than 370 locations in 41 countries. Konecranes is listed on the OMX Helsinki Stock Exchange (KCR1V).

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