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Finnish Financial Supervision Authority’s Request for Preliminary Investigation

Stock Exchange Release Published 24/05/2005

Kone Corporation has become aware of the Finnish Financial Supervision Authority having made a request for preliminary investigation regarding suspected misuse of insider information in connection with trades made by Security Trading Oy with shares in Partek Corporation in spring 2002. Security Trading Oy is a company controlled by Antti Herlin.
The demerger of Kone Corporation into two, new stock exchange listed corporations, KONE Corporation (New KONE) and Cargotec Corporation (Cargotec), is now in the final stages and the new corporations are planned to be listed on the Helsinki Stock Exchange on 1 June, 2006.
The information regarding the incomplete investigation does not affect Kone Corporation’s view that the corporate governance of New KONE and Cargotec is appropriately conducted in regards to the scale and nature of the operations. Therefore the information received to date will not affect the corporate governance of the corporations to be listed.
Sender:
KONE Corporation
Matti Alahuhta
President
Minna Mars
Senior Vice President, Corporate Communications & IR
www.konecorp.com