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KONE's share capital increases through subscription of shares with 2005C option rights

Stock Exchange Release Published 03/05/2010

By April 15, 2010, a total of 353,940 new KONE class B shares have been subscribed for with 2005C option rights. The corresponding EUR 88,485.00 increase in KONE Corporation’s share capital has been entered into the Finnish Trade Register on May 3, 2010. Trading of the new shares will start on May 4, 2010. The shares acquired shall first qualify for dividend payment for the financial year during which the subscription has taken place. Other rights related to the shares shall commence on the date when the increase in the share capital is entered into the Trade Register.

KONE’s share capital is EUR 64,695,202.50 after the entry into the Trade Register, comprising 220,676,454 listed class B shares and 38,104,356 unlisted class A shares.

KONE 2005C option rights were listed on NASDAQ OMX Helsinki Ltd. as of April 1, 2008. The subscription period for the KONE 2005C option rights expired on April 30, 2010. Share subscriptions with the remaining outstanding 2005C option rights, up to a maximum number of 1 755 310 shares for a subscription price of EUR 10.60 per share, done between April 16, 2010 and April 30, 2010, will be entered into the Trade Register during May 2010. The 522,000 KONE 2005C option rights held by KONE Capital Oy, a subsidiary of KONE Corporation, have expired as unused upon the expiry of the subscription period.

About KONE

KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company'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. In 2009, KONE had annual net sales of EUR 4.7 billion and approximately 34,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland. Founded in 1910, KONE celebrates its centennial anniversary in 2010.

www.kone.com

For further information, please contact:
Jukka Ala-Mello, Secretary to the Board, tel. +358 (0)204 75 4226

Sender:

KONE Corporation

Jukka Ala-Mello
Secretary to the Board
Anne Korkiakoski
Executive Vice President
Marketing & Communications