The First Tranche of KCI Konecranes' Serial Bond

The subscription period of the first tranche of KCI Konecranes International Plc's serial bond 1/2000 terminated on 21 November, 2000. The bonds are issued in several tranches through book-building.  
 
The coupon rate of the loan is 6.25 % Bids were accepted to the value of EUR 25 million. The accepted bids resulted in an issue price of 99.979 % corresponding to a yield of 6.255 %. The bonds are issued in book-entry form with a denomination of EUR 200,000. The maximum amount of the serial bond is EUR 100 million. The issue is arranged by Leonia Corporate Bank plc.  
 
By bringing a publicly listed bond issue to the market KCI Konecranes International Plc diversifies its funding sources.  
 
The KCI Konecranes Group is the industrialised world's leading provider of Maintenance Services for electric overhead travelling ("EOT") cranes. The Group is one of the leading standard EOT crane and component builders and a leading manufacturer of engineered and heavy duty cranes for process industries.  KCI Konecranes is also a global supplier of special harbour cranes for bulk materials and containers and a leading provider of shipyard cranes. In 1999 the Group's sales totalled EUR 591.5 million. KCI Konecranes has over 4,000 employees in 34 countries throughout the world.  
 
 
For further information, please contact:  
 
KCI Konecranes International Plc  
Teuvo Rintamäki, Chief Financial Officer, tel. +358-20 427 2040  
 
Leonia Corporate Bank plc  
Riitta Salonen, Senior Vice President, Head of Capital Markets,  
tel. +358-204 25 3633