Konecranes Oyj — Board/Management Information 2011

Mar 31, 2011

Disclosure 286032

Konecranes Oyj - Company Announcement

KONECRANES BOARD OF DIRECTORS' ORGANIZING MEETING

KONECRANES PLC STOCK EXCHANGE RELEASE March 31, 2011 at 2.45 p.m. In its first meeting held after the Annual General Meeting, the Board of Directors elected Mr Stig Gustavson to continue as Chairman. Mr Svante Adde was elected Chairman of the Audit Committee, and Mr Kim Gran, Mr Tapani Järvinen and Mr Mikael Silvennoinen as Committee members. Mr Matti Kavetvuo was elected Chairman of the Nomination and Compensation Committee, and Mr Stig Gustavson, Ms Nina Kopola and Ms Malin Persson were elected as Committee members. With the exception of Mr Stig Gustavson, the Board members are deemed to be independent of the company under the Finnish Corporate Governance Code. Mr Gustavson is deemed dependent of the company based on the Board's overall evaluation relating to his former and current positions in Konecranes combined with his substantial shareholding in the Company. All Board members are independent of significant shareholders of the company. KONECRANES PLC Miikka Kinnunen Director, Investor Relations FURTHER INFORMATION Sirpa Poitsalo, Vice President, General Counsel, tel. +358 20 427 2011 Miikka Kinnunen, Director, Investor Relations, tel. +358 20 427 2050 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 2010, Group sales totaled EUR 1,546 million. The Group has 10,000 employees at 578 locations in 46 countries. Konecranes is listed on the NASDAQ OMX Helsinki (symbol: KCR1V). DISTRIBUTION NASDAQ OMX Helsinki Major media www.konecranes.com