Repurchase of Own Shares

The Board of Directors of Konecranes Plc decided on August 9, 2011, in accordance with the authorization granted by the Annual General Meeting on March 31, 2011, to repurchase a maximum amount of 3,000,000 Company’s own shares, which corresponds to approx. 4.7 percent of all the shares of the Company. The repurchase will reduce the Company’s distributable non-restricted equity.

The repurchase of shares will be executed in public trading on the NASDAQ OMX Helsinki at the market price prevailing at the time of repurchase. The Company’s own shares will be repurchased to be used as compensation in possible acquisitions, or to develop the capital structure of the Company including possible cancellation of shares.