Announcement Pursuant to Securities Markets Act Chapter 2, Section 10

Morgan Stanley Investment Management Limited (Reg. no. 1981121) has on September 13, 2007 announced pursuant to the Securities Markets Act chapter 2, section 9 that its holding in KONE Corporation is less than five (5) percent (1/20) of the share capital.

1. The company: KONE Corporation

2. The date of change in holdings: September 11, 2007

3. Shareholder: Fund management company Morgan Stanley Investment Management Limited (MSIM), registration number 1981121

About KONE

KONE is one of the world’s leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators, with innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2006, KONE had annual net sales of EUR 3.6 billion and approximately 29,000 employees. Its class B shares are listed on the OMX Nordic Exchange in Helsinki, Finland.

www.kone.com

For further information, please contact:

Jukka Ala-Mello, Secretary to the Board, tel. +358 (0)204 75 4226

Sender:

KONE Corporation

Jukka Ala-Mello
Secretary to the Board

Minna Mars
Senior Vice President,
Corporate Communications & IR