Matti Alahuhta will continue as President and CEO of KONE Corporation

KONE Corporation, stock exchange release, December 2, 2011, at 1.00 p.m. EET

KONE Corporation's President and CEO Matti Alahuhta has the possibility to retire in June 2012 at the age of 60 according to his current agreement. Mr. Alahuhta will not exercise this possibility but will continue as KONE Corporation’s President and CEO also after June 2012.

About KONE

KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company’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. In 2010, KONE had annual net sales of EUR 5 billion and approximately 33,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

Sender:

KONE Corporation

Antti Herlin Chairman of the Board

Matti Alahuhta President and CEO