Lundmark New CEO of KCI Konecranes

Maritime Activity Reports, Inc.

June 20, 2005

KCI Konecranes' Board of Directors appointed Pekka Lundmark as President and CEO of KCI Konecranes. Stig Gustavson has been appointed Chairman of the Board of Directors and Björn Saven, KCI Konecranes' Chairman since 1994, has been appointed vice Chairman of the Board. "KCI Konecranes' strategic direction will not change," Lundmark says. "All our strategic cornerstones - Growth, Technology Leadership and Operational Efficiency -are as important as ever and I see no reason to change anything in our strategic foundation." Lundmark was born in 1963 and has a Master of Engineering degree from Helsinki University of Technology. Having held various management positions within Nokia he was CEO of Hackman Group between 2002-2004. Mr. Lundmark joined KCI Konecranes in August 2004 as Group Executive Vice President. As Chairman of the Board, Stig Gustavson will continue to play an important part in KCI Konecranes. He also remains a substantial long-term shareholder.
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