Konecranes Oyj — M&A Activity 2016

Nov 30, 2016

Disclosure 347249

Konecranes Oyj - Company Announcement

Ministry of Commerce in China approves Konecranes’ pending acquisition of Terex’s MHPS business

KONECRANES PLC STOCK EXCHANGE RELEASE November 30, 2016 at 11:00 EET Konecranes has received approval from the Ministry of Commerce, the competition authority in China, for its pending acquisition of Terex’s MHPS business (“MHPS Acquisition”). Completion of the MHPS Acquisition remains subject to additional customary closing conditions. The previously received approval of the European Commission is conditional on a commitment by Konecranes to divest its STAHL CraneSystems business. Furthermore, Konecranes and Terex are not allowed to close the MHPS Acquisition until the Commission has approved the buyer(s) of the STAHL CraneSystems business. 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 11,100 employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq Helsinki (symbol: KCR1V). DISTRIBUTION Nasdaq Helsinki Major media www.konecranes.com