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Subscription of shares with KONE 2005C option rights in 2010

Stock Exchange Release Published 01/12/2009

KONE 2005C option rights were listed on NASDAQ OMX Helsinki Ltd. as of April 1, 2008. Each 2005C option right entitles to the subscription of two (2) class B shares at a price of EUR 11.90 per share.

The subscription period for the 2005C option rights ends on April 30, 2010.

The share subscription timetable in 2010 is as follows:

2005C option rights

Last subscription dateIncrease of share capital registered latest by
February 24, 2010March 11, 2010
April 15, 2010May 6, 2010
April 30, 2010August 5, 2010

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 2008, KONE had annual net sales of EUR 4.6 billion and over 34,800 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