Konecranes Plc Board of Directors’ organizing me

In the first meeting of the Board of Directors of Konecranes Plc after the Annual General Meeting the Board of Directors elected Mr. Christoph Vitzthum Chairman of the Board and Mr. Ole Johansson Vice Chairman of the Board. The Board of Directors has decided to establish a separate Nomination Committee and a separate Human Resources Committee to replace its prior Nomination and Compensation Committee. In addition, the Board of Directors has an Audit Committee in accordance with previous practice. Mr. Ulf Liljedahl was elected Chairman of the Audit Committee, and Mr. Ole Johansson, Ms. Malin Persson and Mr. David A. Sachs as Committee members. Mr. Bertel Langenskiöld was elected Chairman of the Human Resources Committee, and Ms. Janina Kugel, Mr. Oren G. Shaffer and Mr. Christoph Vitzthum as Committee members. Mr. Christoph Vitzthum was elected Chairman of the Nomination Committee, and Mr. Ole Johansson and Mr. David A. Sachs as Committee members. Mr. Ole Johansson, Ms. Janina Kugel, Mr. Bertel Langenskiöld, Mr. Ulf Liljedahl and Mr. Christoph Vitzthum, are deemed to be independent of the company and any significant shareholders. While Ms. Malin Persson has served as director of the company for more than ten consecutive years, she is deemed to be independent of the company since her independence is not compromised by this or any other factor according to the Board's overall evaluation. She is also deemed to be independent of significant shareholders. Both Mr. David A. Sachs and Mr. Oren G. Shaffer are deemed to be dependent of a significant shareholder of the company based on their positions as Chairman of the Board of Directors and member of the Board of Directors of Terex Corporation, respectively. 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 Media www.konecranes.com