Announcement Pursuant to Securities Markets Act Chapter 2, Section 10

Morgan Stanley Investment Management Limited (Reg. no. 1981121) has on 8 March, 2007 announced pursuant to the Securities Markets Act chapter 2, section 9 that it has acquired shares in KONE Corporation so that its holding in the company has exceeded five (5) percent (1/20) of share capital.

1. The company: KONE Corporation

2. The date of change in holdings: 29 November, 2005

3. Exact proportion of share capital and voting rights: The shares managed by Morgan Stanley Investment Management Limited total 6,543,340 class B shares. The shares represent 5.11 percent of total share capital and 2.18 percent of total voting rights.

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

Sender:

KONE Corporation

Jukka Ala-Mello
Director, Secretary to the Board ,

Minna Mars
Senior Vice President
Corporate Communications & IR

For further information, please contact:
Jukka Ala-Mello, Director, Secretary to the Board, tel. +358 (0)204 75 4226

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