May 15, 2023

HC Holding Ltd (“HC Holding”), a company ultimately owned by Hartwall Capital Ltd, announces its intention to sell up to approximately 7.9 million shares in Konecranes Plc (“Konecranes” or the “Company”) (the “Share Sale”) to Finnish and international institutional investors.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, SOUTH AFRICA, NEW ZEALAND, SINGAPORE OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW.

HC Holding Ltd (“HC Holding”), a company ultimately owned by Hartwall Capital Ltd, announces its intention to sell up to approximately 7.9 million shares in Konecranes Plc (“Konecranes” or the “Company”) (the “Share Sale”) to Finnish and international institutional investors.
Prior to the Share Sale, HC Holding owns 7,931,238 shares in the Company, corresponding to approximately 10.01% of the outstanding shares in Konecranes.
The Share Sale will be carried out through an accelerated book-building process, with the final number of shares sold and sale price to be determined through such process. Books are open with immediate effect and may be closed at short notice. The result of the Share Sale will be published on or about May 16, 2023.
Carnegie Investment Bank AB, Finland Branch and Goldman Sachs International are acting as Joint Global Coordinators and Joint Bookrunners in the Share Sale.

Contact information:
Hartwall Capital
Telephone: +358 9 681 8560

Viktor Grandell
Communications Manager
Telephone: +358 45 657 9659

IMPORTANT INFORMATION
THIS ANNOUNCEMENT HAS BEEN MADE FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO BUY, SELL, ISSUE OR SUBSCRIBE FOR, OR THE SOLICITATION OF AN OFFER TO BUY, SELL, ISSUE OR SUBSCRIBE FOR ANY SECURITIES, NOR SHALL THERE BE ANY SALE OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE INFORMATION CONTAINED HEREIN IS FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SINGAPORE OR ANY OTHER JURISDICTION IN WHICH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Hartwall Capital Oy Ab and HC Holding Oy Ab (collectively, the “Seller”) have not authorised any offer of securities to the public in the United Kingdom or any Member State of the European Economic Area (the “EEA”). No action has been taken or will be taken to make any offer of securities to the public requiring publication of a prospectus. Any securities may in the United Kingdom and Member States of the EEA only be offered (i) to any legal entity which is a qualified investor as defined in the Prospectus Regulation (a “Qualified Investor”) or (ii) in any other circumstances falling within Article 1(4) of the Prospectus Regulation. “Prospectus Regulation” means Regulation (EU) 2017/1129 (as amended) (and in case of the United Kingdom, as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018). For the purposes of this paragraph, “offer of securities to the public” means a communication to persons in any form and by any means, presenting sufficient information on the terms of the offer and the securities to be offered, so as to enable an investor to decide to purchase or subscribe for those securities.
Pursuant to the Prospectus Regulation, this release is an “advertisement” and not a prospectus for the purposes of the Prospectus Regulation.
In the United Kingdom, this release is directed only at Qualified Investors within the meaning of Article 2(e) of the Prospectus Regulation, as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, who are (i) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”) or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a)–(d) of the Order (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this release relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person or a Qualified Investor should not act or rely on this release or any of its contents.
This announcement does not contain or constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States (including its territories and possessions, any state of the United States and the District of Columbia). The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Seller does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States.
Carnegie Investment Bank AB, Finland Branch (“Carnegie”) is acting on behalf of the Seller and no one else in connection with the Share Sale and will not be responsible to any other person for providing the protections afforded to clients of Carnegie or for providing advice in relation to the Share Sale.
Goldman Sachs International (“GSI”), which is authorised in the United Kingdom by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, is acting as a Joint Bookrunner for the Seller and no-one else in connection with the Share Sale. Neither GSI nor its affiliates, nor their respective partners, directors, officers, employees or agents are responsible to anyone other than the Seller for providing the protections afforded to clients of GSI or for providing advice in connection with the Share Sale described in this announcement or for any other matters referred to herein.