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Regulatory press release

Konecranes Oyj: Konecranes Plc: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10

Konecranes
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KONECRANES PLC STOCK EXCHANGE RELEASE May 16, 2023 at 2:20 p.m. EEST

Konecranes Plc: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10

Konecranes has on May 16, 2023, received a notification under Chapter 9, Section 5 of the Securities Market Act, according to which the holding of HC Holding Oy Ab in Konecranes Plc's shares and votes has fallen below 10 percent. HC Holding Oy Ab is a fully owned subsidiary of Hartwall Capital Oy Ab.

On May 16, 2023, HC Holding Oy Ab's holding amounted to 0 percent of Konecranes Plc's shares and votes.

Total positions of HC Holding Oy Ab:

+----------------+------+-----------+---------+----------------------+
| |% of |% of shares|Total of |Total number of shares|
| |shares|and voting |both in %|and voting rights of |
| |and |rights |(A+B) |issuer |
| |voting|through | | |
| |rights|financial | | |
| |(A) |instruments| | |
| | |(B) | | |
+----------------+------+-----------+---------+----------------------+
|Resulting |0% |0% |0% |79,221,906 |
|situation of the| | | | |
|date on | | | | |
|which the | | | | |
|threshold was | | | | |
|crossed or | | | | |
|reached | | | | |
+----------------+------+-----------+---------+----------------------+
|Position of |10.01%|0% |10.01% | |
|previous | | | | |
|notification | | | | |
+----------------+------+-----------+---------+----------------------+

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: shares and voting rights

+-------------+-----------------+-----------------+-----------+------------+
|Class/type of|Number of shares |Number of shares |% of shares|% of shares |
|shares ISIN |and voting rights|and voting rights|and voting |and voting |
|code | | |rights |rights |
+-------------+-----------------+-----------------+-----------+------------+
| |Direct |Indirect |Direct |Indirect |
| | | | | |
| |(SMA 9:5) |(SMA 9:6 and 9:7)|(SMA 9:5) |(SMA 9:6 and|
| | | | |9:7) |
+-------------+-----------------+-----------------+-----------+------------+
|FI0009005870 |0 |0 |0% |0% |
+-------------+-----------------+-----------------+-----------+------------+
|SUBTOTAL A |0 |0 |0% |0% |
+-------------+-----------------+-----------------+-----------+------------+

KONECRANES PLC

Kiira Fröberg

Vice President, Investor Relations

FURTHER INFORMATION

Kiira Fröberg,

Vice President, Investor Relations,

tel. +358 (0) 20 427 2050

Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. We consistently set the industry benchmark, from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way. That's why, with around 16,600 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2022, Group sales totalled EUR 3.4 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).

DISTRIBUTION

Nasdaq Helsinki

Major media

www.konecranes.com

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