Subscription Period for Konecranes 2001 and 2003 A-Series Option Programs Ends

The subscription period for the A series options under Konecranes 2003 option program ended on 31 March, 2007. In total, 800,000 new shares were subscribed under the program, which increased Konecranes' share capital by EUR 400,000. The subscription rights for the 2003A series stock options were fully exercised.

The Konecranes 2001A option program ended on 31 March, 2007, and 508,400 new shares were subscribed under the program, which increased Konecranes share capital by EUR 228,000. 

According to the decision made by the Annual General Meeting of Shareholders on 8 March, 2007, new shares subscribed for under Konecranes' option programs and recorded in the Trade Register will no longer increase the share capital, but will be booked entirely to the invested non-restricted equity fund. The Konecranes 2001A option program entitled to subscriptions of 600,000 shares in total. The option rights that were not exercised by the end of the subscription period are no longer valid. The terms and conditions of Konecranes' option programs are available at www.konecranes.com.

Further information can be obtained from
Konecranes Plc
Paul Lönnfors, IR Manager, tel. +358 20 427 2050

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 7,500 employees, at more than 370 locations in 41 countries. Konecranes is listed on the OMX Helsinki Stock Exchange (KCR1V).

DISTRIBUTION
OMX Helsinki Stock Exchange
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