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KONE appoints Henrik Ehrnrooth as CFO and Member of the Executive Board

Stock Exchange Release Published 25/02/2009

Henrik Ehrnrooth (40) has been appointed CFO (Chief Financial Officer) as of May 1, 2009. Henrik Ehrnrooth will be a Member of the Executive Board and report to Matti Alahuhta, President & CEO, KONE Corporation.

Henrik Ehrnrooth will succeed Aimo Rajahalme, who has served as CFO since 1991, as well as in other financial management roles since the beginning of his employment with the company in 1973. Prior to his retirement on December 31, 2009, Aimo Rajahalme will support Henrik Ehrnrooth during a transition phase as an Executive Advisor.

Henrik Ehrnrooth will join KONE from Goldman Sachs, where he has worked since 1998, most currently as Managing Director in Investment Banking. He has a M.Sc. (Econ) degree from the Hanken School of Economics in Helsinki.

“Henrik Ehrnrooth will bring us great international experience and know-how from the financial world,” says Matti Alahuhta. “His proven track-record, his capability to quickly assimilate new information and his energizing leadership style will be great assets for KONE.”

About KONE

KONE’s objective is to offer the best people flow experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides its customers with industry-leading elevators, escalators and innovative solutions for modernization and maintenance, and is one of the global leaders in its industry. In 2008, KONE had annual net sales of EUR 4.6 billion and over 34,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com

For further information, please contact:
Anne Korkiakoski
Executive Vice President, Marketing & Communications
tel. +358 (0)50 674 11

Sender:
KONE Corporation

Matti Alahuhta
President & CEO

Anne Korkiakoski
Executive Vice President
Marketing & Communications