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KONECRANES PLC – CHARGES PRESSED AGAINST KONECRANES

KONECRANES PLC STOCK EXCHANGE RELEASE March 18, 2016 at 16:20

Konecranes Plc has become aware that its chairman of the board Stig Gustavson is facing criminal charges for aggravated subsidy fraud in the so called business park matter concerning the company called Industry Park East Management Oy. Konecranes is not a party in the matter.

According to Stig Gustavson, the matter is related to his position in 2011-2012 as the chairman of the board of the business park company that has since ran into financial difficulties. The purpose of the business park initiative was to help Finnish SMEs to become established in Russia. Stig Gustavson finds the charges unfounded and demands the court reject them in the upcoming trial.
KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations
FURTHER INFORMATION
Mr. Ole Johansson, vice-chairman of the board, Konecranes Plc, call-back requests tel.+358 40 195 5511

DISTRIBUTION

Nasdaq Helsinki
Media
www.konecranes.com

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