Court of Arbitration Confirms Kone Finance Oy’s Right to Redeem Minority Shareholders’ Shares in Partek

A court of arbitration has confirmed on April 2, 2003, that Kone Finance Oy has, in accordance with the Finnish Companies Act, Chapter 14, Paragraph 19, an undisputed right to redeem the minority shareholders’ shares in Partek Oyj Abp at market price.

The redemption price was confirmed to be 15,30 euros per share, and the interest on the redemption price from December 18, 2002, up to the day of payment of the redemption price was set at five per cent (5.00 %) per annum.

Sender:

KONE Corporation

Tapio Hakakari
Secretary to the Board of Directors

Outi-Maria Liedes
Senior Vice President
Corporate Communications & IR

For further information, please contact:
Outi-Maria Liedes, SVP, Corporate Communications & IR, KONE, +358 (0)204 75 4501

KONE is a global service and engineering company that specializes in moving people and goods. Annual net sales total EUR 5,500 million, and we employ nearly 36,000 people. KONE's B shares are listed on the Helsinki Exchanges.

www.kone.com