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EU approves KONE's acquisition of Partek

EU approves KONE's acquisition of Partek

Stock Exchange Release Published 02/08/2002

(Unofficial translation from the original in Finnish)
NOT FOR RELEASE IN THE UNITED STATES, JAPAN, CANADA OR AUSTRALIA
The EU Commission has decided not to oppose Kone’s acquisition of Partek and declares it compatible with the common market and with the EEA Agreement. The decision was on a simplified rocedure.
The public tender offer for the shares and securities in Partek Corporation is conditional on, among other, KONE receiving all necessary public authority approvals and all conditions potentially set forth in these approvals being acceptable to KONE. In addition to the approval now obtained, similar approvals are required elsewhere, for example in the United States of America.
Kone announced its offer on 20 May 2002 and the offer period commenced on 18 June 2002. The offer period is expected to end on 16 August 2002 (preliminary). The largest shareholders in Partek as well as Partek’s unanimous board of directors support Kone’s offer.
With regards to acceptance procedure and questions relating to the Offer, the investors are instructed to turn to their asset managers and nominee register custodians for further information.
The offering circular is available in Finnish and Swedish in the Helsinki Exchange’s HEXGATE information office and service point as well as in Nordea Bank’s asset management branch offices in Finland. In addition, the offering circular shall be made available on the Internet (www.nordeasecurities.com, www.kone.com and www.nordea.fi).
Sender:
KONE Corporation
Tapio Hakakari
Secretary to the Board of Directors
KONE Finance Corporation
Aimo Rajahalme
Chairman of the Board of Directors
This stock exchange release must not be released or distributed in whole or in part in or into the United States of America, Canada, Australia or Japan.
The offer is not being made directly or indirectly in or into the United States of America, or by use of the mails or by any means or instrumentality (including without limitation facsimile transmission, telex, telephone and the internet) of interstate or foreign commerce, nor is it being made directly or indirectly in or into Canada, Australia or Japan.
www.kone.com