Konecranes Oyj — Capital/Financing Update 2011

Oct 13, 2011

Disclosure 294418

Konecranes Oyj - Company Announcement

KONECRANES PLC - KONECRANES WITHDRAWS EUR 100 MILLION BANK TERM LOAN

KONECRANES PLC STOCK EXCHANGE RELEASE October 13, 2011 at 09:50 Konecranes has signed a new EUR 100 million five-year Bank Term Loan with Pohjola Bank. The loan will be used for general corporate purposes and to prolong the maturity profile of the Group's financial liabilities. KONECRANES PLC Miikka Kinnunen Director, Investor Relations FURTHER INFORMATION Konecranes Plc Tomi Hintikka, Group Treasurer, tel. +358 (0)20 427 2042 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 2010, Group sales totaled EUR 1,546 million. The Group has 11,200 employees, at 578 locations in 46 countries. Konecranes is listed on NASDAQ OMX Helsinki (symbol: KCR1V). DISTRIBUTION NASDAQ OMX Helsinki Media www.konecranes.com