KONE's share capital increases through subscription of shares with 2005B and 2005C option rights

A total of 356,172 new KONE class B shares have been subscribed for with 2005B option rights and a total of 2,000 new KONE class B shares with 2005C option rights. The corresponding EUR 89,543.00 increase in KONE Corporation’s share capital has been entered into the Finnish Trade Register on December 31, 2008. Trading of the new shares will start on January 5, 2009. The shares acquired shall first qualify for dividend payment for the financial year during which the subscription has taken place. Other rights related to the shares shall commence on the date when the increase in the share capital is entered into the Trade Register.

KONE 2005B option rights were listed on the main list of the Helsinki Stock Exchange on June 1, 2005 and the KONE 2005C option rights on April 1, 2008. The maximum number of shares that can be subscribed for with the remaining 2005B option rights is 289,968. The subscription price is EUR 4.02 per share. The maximum number of shares that can be subscribed for with the remaining 2005C option rights is 3,909,150. The subscription price is EUR 12.55 per share.

KONE’s share capital is EUR 64,359,230.50 after the entry into the Trade Register, comprising 219,332,566 listed class B shares and 38,104,356 unlisted class A shares.

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 NASDAQ OMX Helsinki Ltd in 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
Anne Korkiakoski
Executive Vice President
Marketing & Communications