Subscription of KCI Konecranes shares under the 1999A and 2001A Stock Option Plans

Stock exchange releases

KCI Konecranes stock options under the 1999A and 2001A series have been exercised and therefore 3,000 new shares per plan (in total 6,000 shares) have been subscribed for. The subscription price for the 1999A options was EUR 33.00 per share and respectively for the 2001A options EUR 34.00 per share.

Following these subscriptions KCI Konecranes' share capital will increase by EUR 12,000, totalling EUR 28,633,260. The total number of shares will increase by 6,000 shares from 14,310,630 to 14,316,630.

The new 6,000 shares will be recorded in the Trade Register on or about 3 May 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 4 May 2005.

The subscription period for all 1999A serie options ended on 31 March 2005. On the basis of the 1999A series option plan, an aggregate of 3,600 shares were subscribed and the share capital increased by a total of EUR 7,200. The 1999A stock option plan would have entitled to a maximum subscription of 150,000 shares and a maximum increase of the share capital of EUR 300,000. The option rights that were unused at the end of the subscription period are no longer valid.

The subscription period for all 2001A series options ends on 31 March 2007. 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, Fax +358 20 427 2099

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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Helsinki Stock Exchange
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