Subscription of KCI Konecranes shares under the 1997 Stock Option Plan

KCI Konecranes stock options under the 1997 stock option plan have been exercised to subscribe for a total of 1,600 new KCI Konecranes shares.

Following these subscriptions KCI Konecranes' share capital will increase by EUR 3,200 totalling EUR 28,699,460. The total number of shares will increase by 1,600 shares from 14,348,130 to 14,349,730.

The new shares will be recorded in the Trade Register on or about 9 August, 2005. The new shares will carry shareholders’ rights from the date of registration. KCI Konecranes will apply for their listing on the Helsinki Stock Exchange with the company's existing shares. Trading in these shares will start on or about 10 August, 2005.

The subscription period for all 1997 options ends on 31 October, 2008. The terms and conditions of all KCI Konecranes ongoing stock option plans are available on the Investor Relations website at www.konecranes.com/investor.

Further information can be obtained from

KCI Konecranes Plc
Teuvo Rintamäki, Chief Financial Officer
Phone +358 20 427 2040

KCI Konecranes. A world leading Engineering Group specialising in advanced overhead lifting solutions and maintenance services. KCI Konecranes is the world's leading supplier of heavy-duty cranes for process industries. KCI Konecranes is a global supplier of special harbour cranes for bulk materials and containers and a leading provider of shipyard cranes. In 2004, Group sales totalled EUR 728 million. The Group has 4,850 employees in 35 countries all over the world.

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