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Change in KONE Corporation’s holding of treasury shares

Stock Exchange Release Published 26/10/2010

A total of 4,568 KONE class B shares have been returned free of consideration to KONE Corporation by virtue of the terms of KONE Corporation´s share-based incentive program for the years 2008-2009.

The date of the returning of the shares was October 26, 2010. After the transaction, KONE Corporation holds 4,853,435 of its own class B shares.


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 2009, KONE had annual net sales of EUR 4.7 billion and approximately 34,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland. Founded in 1910, KONE celebrates its centennial anniversary in 2010.

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