Response from Konecranes on its Business Combination Agreement with Terex Corporation

In its stock exchange release of January 26, 2016 the company announced it has been notified by Terex Corporation (“Terex”) of the non-binding conditional proposal by Zoomlion Heavy Industry Science and Technology Co. to acquire Terex and that Konecranes will continue to pursue the merger of equals with Terex in accordance with the Business Combination Agreement and Plan of Merger (“BCA”). In this new situation Konecranes has made the BCA available for review on its website at www.konecranes.com/investors.