We are pleased to inform you that the respective Boards of Directors of Konecranes Plc and Terex Corporation have unanimously approved an
Agreement to combine their businesses in a merger of equals. The new company will be called Konecranes Terex Plc and will be a global
Leader in Lifting and Material Handling Solutions. This has been announced by both companies in a joint press release on August 11, 2015.
Please see the attached document.