Konecranes Oyj — M&A Activity 2016

Aug 8, 2016

U.S. Department of Justice clears Konecranes' pending acquisition of Terex's MHPS business

U.S. Department of Justice clears Konecranes' pending acquisition of Terex's MHPS business

KONECRANES PLC STOCK EXCHANGE RELEASE August 8, 2016 at 23:45EET

Konecranes has today received early termination of the waiting period required
by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 resulting in
clearance without condition for its pending acquisition of Terex’s MHPS
business (“MHPS Acquisition”) from the Antitrust Division of the United States
Department of Justice.

As announced earlier today, the European Commission has also conditionally
approved completion of the MHPS Acquisition, subject to a commitment by
Konecranes to divest its STAHL CraneSystems business.

Completion of the MHPS Acquisition remains subject to additional customary
closing conditions, including approval by Konecranes extraordinary meeting of
shareholders.

Konecranes and Terex continue to be fully committed to the MHPS Acquisition and
are working closely with the competition authorities in the remaining
jurisdictions to obtain regulatory approvals allowing completion of the MHPS
Acquisition in early 2017 as planned.

KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations

FURTHER INFORMATION
Miikka Kinnunen, Director, Investor Relations,
Konecranes Plc, 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 2015, Group sales totaled EUR 2,126 million. The Group has 11,400
employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq
Helsinki (symbol: KCR1V).

DISTRIBUTION
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www.konecranes.com