KONECRANES PLC STOCK EXCHANGE ANNOUNCEMENT 16 MARCH, 2007 Increase in Konecranes' number of shares registered The 36 100 new Konecranes shares subscribed for with the Konecranes' 1997 stock option plan have been recorded in the Trade Register on 16 March, 2007. The subscription price has been booked according to the decision made by the Annual General Meeting of Shareholders on 8 March, 2007 in its entirety to the invested non-restricted equity fund. Following these subscriptions the number of Konecranes' shares increased to 60 181 420 shares and Konecranes' share capital remained at the level of EUR 30 072 660. Trading in with the new shares will start on or about 20 March, 2007. 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 and services for lifting equipment of every make. In 2006, Group sales totalled EUR 1,483 million. The Group has 7,500 employees, at more than 370 locations in 41 countries. Konecranes is listed on the OMX Helsinki Stock Exchange (KCR1V). KONECRANES PLC Paul Lönnfors IR Manager FURTHER INFORMATION Teuvo Rintamäki, Chief Financial Officer, tel. +358-20 427 2040 DISTRIBUTION OMX Helsinki Stock Exchange Media