The 66,800 new Konecranes shares subscribed for with the stock option rights under Konecranes 1997 stock option plan, B series stock option rights under 2001 stock option plan and the C series stock option rights under 2003 stock option plan have been recorded in the Trade Register on May 6, 2008.

Following these subscriptions the number of Konecranes Plc's shares will increase to 61,216,820 shares. The subscription price will be booked in its entirety to the paid in capital. 

Trading in the new shares will start on or about May 7, 2008. 

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

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 8,400 employees, at more than 470 locations in 43 countries. Konecranes is listed on the OMX Helsinki Stock Exchange (symbol: KCR1V).