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Austrian Cartel Court’s decision remains unchanged

Stock Exchange Release Published 10/11/2008

The Austrian Supreme Court has decided to uphold the fine of EUR 22.5 million imposed on KONE's Austrian subsidiary in December 2007. The fine was imposed on KONE Austria by the Austrian Cartel Court based on anticompetitive practices before mid-2004.

The fine was booked as an expense in the 2007 statement of income.

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:
Anne Korkiakoski, Executive Vice President, Marketing & Communications, tel. +385 (0)204 75 4775 or +358 50 67411

Sender:

KONE Corporation

Klaus Cawén
Executive Vice President
Anne Korkiakoski
Executive Vice President
Marketing & Communications