Konecranes Oyj — Board/Management Information 2011

Feb 2, 2011

Disclosure 284209

Konecranes Oyj - Company Announcement

KONECRANES PLC - KONECRANES PLC'S NOMINATION AND COMPENSATION COMMITTEE'S PROPOSAL FOR COMPOSITION AND COMPENSATION OF THE BOARD OF DIRECTORS

KONECRANES PLC STOCK EXCHANGE RELEASE February 2, 2011 at 3.45 p.m. KONECRANES PLC'S NOMINATION AND COMPENSATION COMMITTEE'S PROPOSAL FOR COMPOSITION AND COMPENSATION OF THE BOARD OF DIRECTORS PROPOSAL ON BOARD COMPOSITION Konecranes Plc's Nomination and Compensation Committee proposes to the Annual General Meeting of Shareholders on March 31, 2011 the number of Board members be eight (8). The Committee proposes that the following current Board members be re-elected as members of the Konecranes Plc's Board of Directors for a term until the close of the Annual General Meeting in 2012: Mr Svante Adde, Mr Kim Gran, Mr Stig Gustavson, Mr Tapani Järvinen, Mr Matti Kavetvuo, Ms Malin Persson and Mr Mikael Silvennoinen. Of the current members of the Board Mr Tomas Billing has announced that he will not be available for re-election. The Committee proposes that Ms Nina Kopola be elected as new member of the Konecranes Plc's Board for the same term. Nina Kopola is Executive Vice President of Dynea Oy, responsible for the European operations and a member of Dynea's Group Management. Dynea is a global leader in providing high performance adhesion and surfacing solutions. Nina Kopola, M.Sc. (Eng.), holds a Technology Licentiate degree from Åbo Akademin, Finland. Nina Kopola has an extensive working experience from Dynea including positions of Executive Vice President, Global Market Application and Group Vice President, Marketing. The Committee's aim is to see to that the number of the directors and the composition of the board shall make it possible for the board to discharge its duties in an efficient manner. The composition shall take into account the needs of the company's operations and the development stage of the company. CVs of the proposed Board members are attached. All candidates have given their consent to the election. With the exception of Mr Stig Gustavson, the candidates are deemed to be independent of the company and significant shareholders 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. COMPENSATION OF THE BOARD OF DIRECTORS The Nomination and Compensation Committee proposes that the remuneration payable to the members of the Board to be elected at the Annual General Meeting for the term until the close of the Annual General Meeting in 2012 be unchanged from 2010 as follows: Chairman of the Board EUR 100,000, Vice Chairman of the Board EUR 64,000 and other Board members EUR 40,000. The Committee proposes that approximately 40 percent of the annual remuneration be paid in Konecranes's shares purchased from the market. The remuneration may be paid also by transferring company's own shares based on the authorisation given to the Board of Directors. In case the purchase of shares cannot be carried out due to reasons related to either the company or the Board member, the annual remuneration shall be paid fully in cash. In addition compensation of EUR 1,500 per meeting is proposed for attendance at Board committee meetings. No remuneration will be paid for Board members employed by the Company. Travel expenses of Board members are compensated for against receipt. KONECRANES PLC Miikka Kinnunen Director, Investor Relations FURTHER INFORMATION Miikka Kinnunen, Director, Investor Relations tel. +358 (0)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 2009, Group sales totaled EUR 1,671 million. The Group has 9,800 employees, at 545 locations in 43 countries. Konecranes is listed on NASDAQ OMX Helsinki Ltd (symbol: KCR1V). DISTRIBUTION NASDAQ OMX Helsinki Media www.konecranes.com ATTACHMENT: ADDITIONAL INFORMATION RELATING TO THE PROPOSAL BY THE NOMINATION AND COMPENSATION COMMITTEE FOR COMPOSITION OF THE BOARD OF DIRECTORS Stig Gustavson b. 1945 Chairman of the Board since 2005. Board Member since 1994 and Member of the Nomination and Compensation Committee since 2006. M.Sc. (Eng.), Dr.Tech. (hon.) Principal occupation: Board memberships Primary working experience KCI Konecranes Plc 1994 - 2005: President and CEO KONE Cranes division 1988 - 1994: President KONE Corporation 1982 - 1988, Sponsor Oy 1978 - 1982, RAY (Raha-Automaattiyhdistys) 1976 - 1978 and Wärtsilä Oy Ab 1970 - 1976: Holder of various executive positions Current key positions of trust Handelsbanken Regional Bank Finland: Chairman of the Board Dynea Oy: Chairman of the Board Arcada Foundation: Chairman of the Board Cramo Plc: Chairman of the Board Oy Mercantile Ab: Vice Chairman of the Board Vaisala Group: Member of the Board IK Investment Partners: Senior Regional Advisor Shares: 2,038,490 Svante Adde b. 1956 Board Member since 2004 and Member of the Audit Committee since 2004 and Chairman of the Audit Committee since 2008. B.Sc. (Econ. and Business Administration) Principal occupation: Managing Director, Pöyry Capital Limited Primary working experience Compass Advisers, London 2005 - 2007: Managing Director Ahlstrom Corporation 2003 - 2005: Chief Financial Officer Lazard London and Stockholm 2000 - 2003: Managing Director Lazard London 1989 - 2000: Director Citibank 1979 - 1989: Director Current key positions of trust Meetoo AB: Member of the Board Shares: 4,395 Kim Gran b. 1954 Board Member since 2007 and Member of the Audit Committee since 2007. B.Sc. (Econ) Principal occupation: President and CEO, Nokian Tyres plc Primary working experience Nokian Tyres Plc, Car and Van tyres 1995 - 2000: Vice President Current key positions of trust The Rubber Manufacturers' Association: Chairman of the Board Chemical Industry Federation of Finland: Vice Chairman of the Board YIT Plc: Member of the Board Nokian Tyres Plc: Member of the Board Shares: 3,627 Tapani Järvinen b. 1946 Board Member since 2009 and Member of the Audit Committee since 2009. M.Sc. (Eng), Lic. Sc. (Tech.) Principal occupation: Board memberships Primary working experience Outotec Oyj 2006 - 2009: President and CEO Outokumpu Technology, Finland 2003 - 2006: President and CEO Outokumpu Oyj, Finland 2000 - 2005: Executive Vice President and Member of the Group Executive Committee Compañía Minera Zaldívar, Chile 1994 - 2000: General Manager and CEO Current key positions of trust Okmetic Oyj: Member of the Board Outotec Oyj: Member of the Board Normet Oy: Member of the Board Talvivaara Mining Company Plc: Member of the Board Shares: 1,888 Matti Kavetvuo b. 1944 Board Member since 2001 and Chairman of the Nomination and Compensation Committee since 2009. Member of the Audit Committee 2004 - 2008. M.Sc. (Eng.), B.Sc. (Econ.) Principal occupation: Board memberships Primary working experience Pohjola Group Plc 2000 - 2001: CEO Valio Ltd 1992 - 1999: CEO Orion Corporation 1985 - 1991: CEO Instrumentarium Corp. 1979 - 1984: President Current key positions of trust Lassila & Tikanoja Plc: Chairman of the Board Orion Corporation: Vice Chairman of the Board Shares: 4,543 Nina Kopola b. 1960 M.Sc. (Eng), Technology Licentiate Principal occupation: Executive Vice President, President Europe, Dynea Oy Primary working experience Dynea Oy 2006 - 2008: Executive Vice President, Global Market Applications Dynea Oy 2005 - 2006: Group Vice President, Marketing Dynea Industrial Resins 2003 - 2005: Marketing Manager Dynea Oy 2001 - 2003: Controller, Group Finance Dynea Oy 2000 - 2001: Manager Business Analysis Fortum Oil&Gas 1999 - 2000: Product specialist Current key position of trust No concurrent key position of trust. Shares: - Malin Persson b. 1968 Board member since 2005 and Member of the Nomination and Compensation Committee since 2005. M.Sc. (Eng.) Principal occupation: President and CEO, Volvo Technology Corporation Primary working experience Volvo Group: Holder of various executive positions including AB Volvo: Vice President, Coporate Strategy and Business Development Volvo Logistics Corp: Vice President, Business & Logistics Development Current key positions of trust Hexpol AB: Member of the Board Volvo Trucks AB: Member of the Board Shares: 3,543 Mikael Silvennoinen b. 1956 Board member since 2008 and Member of the Audit Committee since 2008. M.Sc. (Econ.) Principal occupation: President and CEO, Pohjola Bank Plc Primary working experience Pohjola Group 1989 - 1997: Holder of various executive positions Wärtsilä Group 1986 - 1989: Group Treasurer Current key positions of trust Pohjola Insurance Group Plc: Chairman of the Board Unico Banking Group: Member of the Steering Committee Shares: 2,327