Transfer of KCI Konecranes Plc's own shares

KCI Konecranes Plc has transferred a number of shares as partial consideration in a business transaction in which KCI Konecranes Group purchases all shares of SMV Lifttrucks AB, Sweden.

The transferred shares are valued at 31.28 euros per share. This is the trade weighted average closing price for KCI Konecranes share during a period of 20 trading days ending the third business day prior to Closing. The transferred shares amount to 0.37 % of all KCI Konecranes shares.

The transferred shares are subject to a 3-year transfer restriction. One third of the shares may be sold after one year from Closing, one third two years from Closing, and the rest three years from Closing.   

Transfer of the company's own shares:

Date: 29.10.2004
Trading: Transfer outside public trading
Share: KCI1V
Total value: EUR 1,671,916
Share amount: 53,450
Share price: EUR 31.28

The amount of own shares held by KCI Konecranes Plc after the transfer is 210,650 shares and 1.47 % of all KCI Konecranes shares.

Teuvo Rintamäki, Chief Financial Officer, phone +358-20 427 2040

KCI Konecranes. A world leading engineering group specializing in advanced overhead lifting solutions and maintenance services. Group activity is organized along three business areas: Maintenance Services (50% of Group Sales), Standard Lifting Equipment (26 %) and Special Cranes (24 %). In 2003, Group Sales totalled EUR 665 million with over 4300 employees in 34 countries all over the world.

DISTRIBUTION    Helsinki Stock Exchange,  Media