Konecranes Oyj — Board/Management Information 2021

Aug 6, 2021

President and CEO Rob Smith to leave Konecranes

President and CEO Rob Smith to leave Konecranes

KONECRANES PLC STOCK EXCHANGE RELEASE August 6, 2021 at 8:58 EEST

President and CEO Rob Smith to leave Konecranes

Konecranes President and CEO Rob Smith has decided to leave the company. He will
leave Konecranes on 31 December 2021. The company's CFO, Teo Ottola, who also
serves as Deputy CEO, will be acting as the interim CEO from 1 January 2022
until the completion of the planned merger between Konecranes and Cargotec
Corporation, which is currently expected by the end of H1/2022.

“Rob has been a true leader for Konecranes since joining in February 2020,
steering the company through the unprecedented uncertainty of the pandemic and a
planned merger to deliver the best for our customers and strong financial
results. The board appreciates his commitment to ensuring a smooth transition.
On behalf of the whole Board of Konecranes, I want to thank Rob for his
contributions and hard work at the company and look forward to working with him
until he leaves the company. I also wish him all the best in the future,” says
Christoph Vitzthum, Chairman of the Board of Konecranes.

“It has been a privilege to lead Konecranes since February 2020, and I am proud
of how we have come together as one global team to deliver excellent performance
in the midst of the COVID-19 pandemic. In particular, we have focused on our
strategy and strategic initiatives, and made excellent progress on these fronts
as seen in our strong financial performance and our successful initial steps
towards creating a global leader in sustainable material flow with Cargotec.
While I have now made a personal decision to pursue opportunities outside of
Konecranes, I am fully committed to Konecranes continuing its exciting track
record of delivering outstanding performance for the success of our employees,
customers and partners,” says Rob Smith, Konecranes President and CEO.

KONECRANES PLC
Kiira Fröberg
Vice President, Investor Relations

FURTHER INFORMATION
Kiira Fröberg, Vice President, Investor Relations, tel. +358 (0) 20 427 2050

IMPORTANT NOTICE

The Merger and the merger consideration securities have not been and will not be
registered under the U.S. Securities Act of 1933 (the “Securities Act”), and may
not be offered, sold or delivered within or into the United States, except
pursuant to an applicable exemption of, or in a transaction not subject to, the
Securities Act.

The information in this release is not directed to, or intended for distribution
to or use by, any person or entity that is a citizen or resident of, or located
in, the United States or any other locality, state, country or other
jurisdiction where such distribution or use would be contrary to law or
regulation or which would require any registration or licensing within such
jurisdiction and it does not constitute an offer of or an invitation by or on
behalf of, Konecranes, or any other person, to purchase or sell any securities.

The information in this release contains forward-looking statements, which are
information on Konecranes’ current expectations and projections relating to its
financial condition, results of operations, plans, objectives, future
performance and business. These statements may include, without limitation, any
statements preceded by, followed by or including words such as “target,”
“believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,”
“project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other
words and terms of similar meaning or the negative thereof. Such forward-looking
statements involve known and unknown risks, uncertainties and other important
factors beyond Konecranes’ control that could cause Konecranes’ actual results,
performance or achievements to be materially different from the expected
results, performance or achievements expressed or implied by such forward
-looking statements. Such forward-looking statements are based on numerous
assumptions regarding Konecranes’ present and future business strategies and the
environment in which it will operate in the future.

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 of all makes. In 2020, Group
sales totaled EUR 3.2 billion. The Group has around 16,500 employees in 50
countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).

DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com