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KONE has been offered over 90 percent of Partek shares

KONE has been offered over 90 percent of Partek shares

Stock Exchange Release Published 16/08/2002

NOT FOR RELEASE IN THE UNITED STATES, JAPAN, CANADA OR AUSTRALIA
KONE’s public tender offer for the shares in Partek ends today 16 August 2002. According to preliminary results, approximately 8.300 shareholders have accepted the offer and the shares offered to KONE, together with the shares already owned by the KONE group, exceed 90 % of all the shares and votes in Partek. The final result of the offer will be available by 21 August 2002.
After the final result is available, KONE will accept the tender offer and share trades are expected to be executed on 23 August 2002 (preliminary). Subsequently KONE will make a mandatory offer according to securities market act and KONE will also utilise its redemption right in accordance with the companies act to redeem the rest of the shares in Partek. The price offered to other shareholders will be the same as in the tender offer, 15,30 euro per Partek share. Further information will be available when the final result of the tender offer is announced, which is expected to take place on 21 August 2002.
If the share trades in connection to the tender offer are executed according to the preliminary schedule on 23 August 2002, the tender offer price is expected to be paid to the shareholders on 28 August 2002 (preliminary).
Kone announced its tender offer for the shares and securities issued by Partek on 20 May 2002 and the offer period commenced on 18 June 2002. The offer period was scheduled to end on 16 August 2002.
Sender:
KONE Corporation
Tapio Hakakari
Secretary to the Board of Directors
KONE Finance Corporation
Aimo Rajahalme
Chairman of the Board of Directors
For additional information, Tapio Hakakari, tel. +358 20 475 4226, mobile +358 400 408 316 and Nordea Securities Corporate Finance Oy, tel. +358 9 4785 031
This stock exchange release must not be released or distributed in whole or in part in or into the United States of America, Canada, Australia or Japan.
The offer is not being made directly or indirectly in or into the United States of America, or by use of the mails or by any means or instrument (including without limitation facsimile transmission, telex, telephone and the internet) of interstate or foreign commerce, nor is it being made directly or indirectly in or into Canada, Australia or Japan.