Konecranes Oyj — M&A Activity 2016

Jul 15, 2016

KONECRANES HAS MADE ITS STOCK AND ASSET PURCHASE AGREEMENT AND FORM OF SHAREHOLDER'S AGREEMENT WITH TEREX CORPORATION AVAILABLE ON ITS WEBSITE

KONECRANES HAS MADE ITS STOCK AND ASSET PURCHASE AGREEMENT AND FORM OF SHAREHOLDER'S AGREEMENT WITH TEREX CORPORATION AVAILABLE ON ITS WEBSITE

KONECRANES PLC STOCK EXCHANGE RELEASE July 15, 2016 at 17:20

The Board of Directors of Konecranes has on July 15, 2016, issued a notice to
convene an Extraordinary General Meeting of shareholders ("EGM") to be held on
September 15, 2016, in order to consider resolutions required for the
completion of the acquisition of Terex Corporation's ("Terex") Material
Handling & Port Solutions business announced on May 16, 2016, (the
"Acquisition") and certain other proposals. In connection with the notice to
convene the EGM Konecranes has also made the Stock and Asset Purchase Agreement
between Konecranes and Terex dated May 16, 2016, as well as the agreed form of
a shareholder's agreement to be entered into between Konecranes and Terex in
connection with the closing of the Acquisition available for review on its
website at www.konecranes.com/investors.

KONECRANES PLC

Miikka Kinnunen Director, Investor Relations

FURTHER INFORMATION
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc, tel. +358 20 427
2050

DISTRIBUTION
Nasdaq Helsinki
Media
www.konecranes.com

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 11,600
employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq
Helsinki (symbol: KCR1V).