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Eastern European Markets
NEWS RELEASE
January, the 29th, 2008

Konecranes receives fourth RTG order from Petrolesport in Russia

In January 2008, Konecranes signed a contract to supply four rubber tired gantry (RTG) cranes to the Russian cargo terminal OJSC Petrolesport in St. Petersburg. The RTGs will be delivered at the end of 2008 and the beginning of 2009. The parties have agreed not to disclose the value of the orders.

This is Konecranes' fourth RTG order from Petrolesport. Of the previously ordered 11 RTGs, 5 are in operation and 6 are being manufactured. Petrolesport is one of the largest stevedoring companies in the port of St. Petersburg and part of the Severstaltrans Group, a leading operator on the transport services market in Russia, the CIS countries and the Baltics. As container traffic is continuously increasing in Russia, Petrolesport is expanding its terminal in the St. Petersburg port.

The RTG cranes will be used for flexible and high capacity container handling. The 16-wheel RTGs have a lifting capacity of 50 tonnes and can stack one over five containers high and six wide plus a truck lane.

"We are very happy about this order as it shows that Petrolesport is satisfied with the product and our cooperation," says Aku Lehtinen, Director, RTG Cranes. "Konecranes RTGs have been very successful in the fast growing Russian container ports with 20 RTGs sold in 2007, and this order supports the outlook for continued success."

About Konecranes:
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 and machine tools of all makes. In 2006, Group sales totaled EUR 1483 million. The Group has 8,000 employees, at more than 370 locations in 43 countries. Konecranes is listed on the OMX Helsinki Stock Exchange (symbol: KCR1V).

Additional information:
Aku Lehtinen, Director, RTG Cranes
E-mail: aku.lehtinen@konecranes.com or phone +358 20 427 2665
Financial Media and Analysts:
Paul Lönnfors, IR Manager
E-mail: paul.lonnfors@konecranes.com or phone +358 20 427 2050

www.konecranes.com


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