Konecranes Oyj — M&A Activity 2017

Jan 6, 2017

German Bundeskartellamt has approved divestment of STAHL CraneSystems to Columbus McKinnon

German Bundeskartellamt has approved divestment of STAHL CraneSystems to Columbus McKinnon

KONECRANES PLC STOCK EXCHANGE RELEASE January 6, 2016 at 09:00 EET

On December 7, 2016, Konecranes announced that it has signed an agreement with
Columbus McKinnon Corporation (NASDAQ: CMCO) (“Columbus McKinnon”) regarding
the divestment of the STAHL CraneSystems business (“STAHL Divestment”). German
Bundeskartellamt merger control has on January 5, 2017, approved the STAHL
Divestment. This approval was the final condition for closing.

As there are no additional contingencies on the closing of the STAHL
Divestment, Konecranes and Columbus McKinnon intend to close it on or about
January 31, 2017.

KONECRANES PLC

Miikka Kinnunen
Vice President, Investor Relations

FURTHER INFORMATION

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

DISTRIBUTION
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www.konecranes.com