KONE’s Board of Directors Approves Purchase Agreement of Partek Shares from the Government of Finland

Today, KONE Corporation’s Board of Directors has approved a purchase agreement pursuant to which the Government of Finland will sell its 30.2% shareholding in Partek Corporation to KONE or one of KONE’s subsidiaries.

Part of the transaction will be in cash and the rest will consist of a targeted share offering to the Government of Finland consisting of 3,000,000 class B KONE shares (1,000,000 shares prior to the stock split to be transacted 24 May, 2002). The share offer subscription price is approximately EUR 35.33 per share (corresponding to EUR 106 per share prior to the split). The agreement is conditional upon KONE’s shareholding meeting approving the targeted share offering.
Sender:
KONE Corporation
Tapio Hakakari
Director, Secretary to the Board of Directors
Annamari Lammassaari
Vice President, Corporate Communications
For further information, contact:
Tapio Hakakari, Secretary to the Board of Directors,
phone +358 204 75 4226 or +358 400 408 316
www.kone.com