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Financial Statements Publication Schedule in 2004 and Conversion to International Financial Reporting Standards

Stock Exchange Release Published 19/12/2003

KONE Corporation will publish its 2003 Financial Statements on Friday, 30 January, 2004 and the Annual Report for the year 2003 on week 8. The Annual General Meeting of KONE Corporation will be held on Friday, 27 February, 2004.

The publication dates for the Interim Reports for 2004 are:

EventDate
Interim Report for 1 January – 31 March, 2004Wednesday, 21 April, 2004
Interim Report for 1 January – 30 June, 2004Tuesday, 20 July, 2004
Interim Report for 1 January – 30 September, 2004Tuesday, 19 October, 2004


KONE will begin using International Financial Reporting Standards (IAS) in its reporting as of 2004. More detailed information regarding the IFRS implementation will be available in the 2003 Financial Statements.

Sender:

KONE Corporation
Board of Directors

Tapio Hakakari
Secretary to the Board of Directors

Aimo Rajahalme
Executive Vice President,
Finance and Information Services

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