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KONE Corporation A Option Rights 2004 to Main List

Stock Exchange Release Published 30/03/2004

The A option rights relating to KONE Corporation’s Option Program 2004 will be traded on the Helsinki Stock Exchange’s Main List as of 1 April, 2004.

One KONE option right 2004 A entitles its holder to subscribe for three (3) KONE Corporation class B shares (KONBS) at a price of EUR 24.67 per share. The total number of A option rights is 145,130. In the aggregate, the A option rights entitle the holders to subscribe for 435,390 KONE class B shares. The subscription period commences on 1 April 2004 and ends on 31 March, 2008. The annual window during which the shares can be subscribed with the option rights lasts from 2 January to 30 November. The cash bonus related to each A option right according to the terms and conditions of the option program has been separated from the option rights since 27 February, 2004, when the Annual General Meeting confirmed the amount of option rights to be offered.
Sender:
KONE Corporation
Tapio Hakakari
Secretary to the Board of Directors
Aimo Rajahalme
Executive Vice President,
Finance and Information Services
For further information please contact:
Tapio Hakakari, Secretary to the Board of Directors, tel. +358 (0)204 75 4226
KONE is a global service and engineering company that specializes in moving people and goods. It comprises two divisions: KONE Elevators & Escalators and Kone Cargotec. KONE Elevators & Escalators sells, manufactures, installs, maintains and modernizes elevators and escalators, and services automatic building doors. Kone Cargotec supplies products and services to facilitate moving and loading cargo. KONE's B shares are listed on the Helsinki Exchanges.
www.konecorp.com