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Addition to Release Concerning Changes in KONE’s Organization

Stock Exchange Release Published 18/03/2004

The stock exchange release published today, 18 March 2004, at 4:00 p.m. Helsinki time, about changes in KONE’s organization has no connection with the release published yesterday, 17 March 2004, which told of the European Commission’s investigation related to alleged anti-competitive behavior. Today’s release reported on normal job rotation within the KONE organization.
Sender:
KONE Corporation
Tapio Hakakari
Secretary to the Board of Directors
Kerttu Tuomas
Executive Vice President, Human Resources
KONE is a global service and engineering company that specializes in moving people and goods. It comprises two divisions: KONE Elevators & Escalators and Kone Cargotec. KONE Elevators & Escalators sells, manufactures, installs, maintains and modernizes elevators and escalators, and services automatic building doors. Kone Cargotec supplies products and services to facilitate moving and loading cargo. KONE's B shares are listed on the Helsinki Exchanges.
www.konecorp.com