Announcement pursuant to Securities Markets Act Chapter 2, Section 10

Tweedy Brown Company LLC (Reg. no. 801/10669) announced on April 30, 2008, pursuant to the Securities Markets Act chapter 2, section 9, that its holding in KONE Corporation was below (5) percent (1/20) of the share capital on March 9, 2007.

1. The company: KONE Corporation

2. The date of change in holdings: March 9, 2007

3. Exact proportion of share capital and voting rights as of March 9, 2007: The shares managed by Tweedy Brown Company LLC totaled 6,403,725 class B shares. The shares represented 4.998% of total share capital and 2.14% of total voting rights. (The numbers of shares have been reported according to the status on March 9, 2007.)

4. Shareholder: Fund management company Tweedy Brown Company LLC (Reg. no. 801/10669)

About KONE

KONE’s objective is to offer the best people flow experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides its customers with industry-leading elevators, escalators and innovative solutions for modernization and maintenance, and is one of the global leaders in its industry. In 2007, KONE had annual net sales of EUR 4.1 billion and over 32,500 employees. KONE class B shares are listed on the OMX Nordic Exchange Helsinki in Finland.

www.kone.com

Sender:

KONE Corporation

Jukka Ala-Mello
Director, Secretary to the Board

Minna Mars
Senior Vice President,
Corporate Communications & IR

For further information, please contact: Jukka Ala-Mello, Secretary to the Board, tel. +358 (0)204 75 4226