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European Commission Approves KONE’s Sale of Valtra to AGCO

Stock Exchange Release Published 12/12/2003

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