Share subscriptions under Konecranes 2003C Stock Option Plan

A total of 96,000 new Konecranes shares have been subscribed for with the C series stock option rights under Konecranes 2003 stock option plan. The share subscription price was EUR 6.25/share.

Following these subscriptions the number of Konecranes Plc's shares will increase to 61,612,320 shares. The total subscription price, EUR 600,000 will be booked to the paid in capital.

The new shares will be recorded in the Trade Register on or about December 18, 2008.

The terms and conditions of all Konecranes ongoing stock option plans are available on the Investor Relations website at www.konecranes.com/investor. 



Further information can be obtained from
Konecranes Plc
Teo Ottola, Chief Financial Officer, tel. +358 20 427 2040


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 as well as services for lifting equipment and machine tools of all makes. In 2007, Group sales totaled EUR 1,750 million. The Group has 9,600 employees, at more than 470 locations in 43 countries. Konecranes is listed on the NASDAQ OMX Helsinki Ltd  (symbol: KCR1V).



DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Media
www.konecranes.com