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KONE Appoints Juho Malmberg EVP, Development, and Member of Executive Board

Stock Exchange Release Published 09/01/2006

KONE Corporation has appointed M.Sc. (Computer Science) Juho Malmberg, b. 1962, Executive Vice President, Development and member of the Executive Board as of 1 February, 2006.

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Mr. Malmberg will be responsible for business process development and IT systems. He will report to President Matti Alahuhta.

Juho Malmberg is currently employed by Accenture, where he has held several positions since 1987. He has served as Country Managing Director of Accenture, Finland since 2002 and also as Director of Accenture’s Nordic Outsourcing unit in 2005.

”KONE is well known for its competitive products. We are now developing our operations to improve customer intimacy and productivity. Juho Malmberg brings significant value to this change process because of his strong background in business processes and IT systems,” states KONE President Matti Alahuhta.

Sender:

KONE Corporation

Kerttu Tuomas
Executive Vice President, Human Resources

Minna Mars
Senior Vice President, Corporate Communications & IR

For further information, please contact:
Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)204 75 4501
Juho Malmberg, tel. +358 (0)400 601 301

KONE is the world’s fourth largest elevator company and provides complete and innovative solutions for the installation, maintenance and modernization of elevators and escalators and the maintenance of automatic building doors. KONE provides safe and easy access to hundreds of millions of people daily in all parts of the world. KONE has annual net sales of approximately EUR 3 billion and about 27,000 employees. Its class B shares are listed on the Helsinki Stock Exchange.

www.kone.com