Subscription of KCI Konecranes shares under the 1999B and 2001A stock option plans

KCI Konecranes stock options under the 1999B and 2001A series have been exercised to subscribe for a total of 4,500 new KCI Konecranes shares.

Stock options under the 1999B series have been exercised to subscribe for 1,500 new shares with a subscription price of EUR 33.00 per share.

Stock options under the 2001A series have been exercised to subscribe for 3,000 new shares with a subscription price of EUR 34.00 per share.

Following these subscriptions KCI Konecranes' share capital will increase by EUR 9,000, totalling EUR 28,708,460. The total number of shares will increase by 4,500 shares from 14,349,730 to 14,354,230.

The new shares will be recorded in the Trade Register on or about 1 November, 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 2 November, 2005.

The subscription period for all 1999B series options ends on 31 March 2008 and for all 2001A series options 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

KCI Konecranes is 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 and shipyards. KCI Konecranes is a global supplier of special harbour cranes for bulk materials and containers and of mobile container handling equipment like Reach Stackers and Lift Trucks. In 2004, Group sales totalled EUR 728 million. The Group has 4,900 employees in 35 countries.

DISTRIBUTION
Helsinki Stock Exchange
Media