European Commission Approves KONE’s Sale of Valtra to AGCO

The European Commission has on 12 December, 2003 approved the acquisition of Valtra by AGCO Corporation.

KONE believes that the transaction will be completed in the near future.

Sender:

KONE Corporation
Tapio Hakakari
Secretary to the Board of Directors

Klaus Cawén
Executive Vice President

For additional information:
Klaus Cawén, Executive Vice President, KONE, tel. +358 (0)400 709 148

KONE is a global service and engineering company that specializes in moving people and goods. Annual net sales total EUR 5,500 million, and we employ nearly 35,000 people. KONE's B shares are listed on the Helsinki Exchanges.

www.kone.com