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KONE Corporation B Option Rights 2004 to Main List

Stock Exchange Release Published 30/03/2005

The B 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, 2005.

One KONE option right 2004 B 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 B option rights is 170,000. In the aggregate, the B option rights entitle the holders to subscribe for 510,000 KONE class B shares. The subscription period commences on 1 April, 2005 and ends on 31 March, 2009. The annual window during which the shares can be subscribed with the option rights will be on days separately specified by the Board of Directors during the period from 2 January to 30 November. Due to the demerger of the company, share subscriptions will not be allowed from 1 May, 2005 to 31 May, 2005.
Sender:
KONE Corporation
Tapio Hakakari
Director, Secretary to the Board of Directors
Minna Mars
Senior vice president, Corporate Communications & IR
For further information, please contact:
Tapio Hakakari, Director, Secretary to the Board, tel. +358 (0)204 75 4226
www.kone.com