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KONE Acquires Evin SAS

Press Release Published 21/06/2006

KONE has signed an agreement to acquire Evin SAS, an elevator company located in Lille, France. The company recorded sales of EUR 14 million in 2005 and it employs somewhat over one hundred persons.

Evin SAS installs, maintains and modernizes elevators and automatic building doors. The acquisition strengthens KONE’s position as a market leader in the elevator and door businesses and improves its position in several regions in France.

Sender:

KONE Corporation

Klaus Cawén
Executive Vice President

Minna Mars
Senior Vice President,
Corporate Communications & IR

For further information, please contact: Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)50 384 9440

KONE is one of the world’s leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators and innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2005, KONE had annual net sales of EUR 3.2 billion and about 27,000 employees. Its class B shares are listed on the Helsinki Stock Exchange.

www.kone.com