Konecranes Oyj — M&A Activity 2017

Jan 31, 2017

Konecranes completes the divestment of its STAHL CraneSystems business

Konecranes completes the divestment of its STAHL CraneSystems business

KONECRANES PLC STOCK EXCHANGE RELEASE January 31, 2017 at 14.30 EET

Konecranes has today completed the divestment of its STAHL CraneSystems
business (“STAHL Divestment”) to Columbus McKinnon Corporation (NASDAQ: CMCO)
(“Columbus McKinnon”). The STAHL Divestment related to the European
Commission’s approval of Konecranes’ acquisition of Terex Corporation’s MHPS
business (“MHPS Acquisition”), which was conditional on Konecranes divesting
its STAHL CraneSystems business.

The final selling price was EUR 224 million. Additionally, Columbus McKinnon
assumed unfunded pension liabilities that were EUR 67 million as of December
31, 2016. Konecranes expects to book an after-tax capital gain of approximately
EUR 200 million from the STAHL Divestment in the first quarter of 2017.

Konecranes will use the proceeds from the STAHL CraneSystems divestment to
amortize the loans related to the MHPS Acquisition.

KONECRANES PLC

Miikka Kinnunen
Vice President, Investor Relations

FURTHER INFORMATION
Mr. Miikka Kinnunen, Vice President, 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 of all makes. The Group has
18,000 employees at 600 locations in 50 countries. Konecranes class A shares
are listed on the Nasdaq Helsinki (symbol: KCR).

DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com