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KONE’s Financial Performance Stronger than Anticipated

Stock Exchange Release Published 18/06/2007

KONE’s sales and operating income (EBIT) in January-May 2007 have developed more favorably than anticipated. Also orders growth has continued on a good level.

”Our development programs have progressed well and produced results. Our competitiveness has improved in all continents”, comments Matti Alahuhta, President & CEO of KONE Corporation.

The positive development contributes to the full year 2007 outlook. The previously stated outlook for the financial year 2007 will be upgraded in conjunction with the interim report for the period January-June 2007.

KONE’s interim report for the period January-June 2007 will be published on Friday, 20 July.

Sender:

KONE Corporation

Aimo Rajahalme
Executive Vice President,
Finance

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
Sophie Jolly, Vice President, IR, tel.+358 204 75 4534

KONE is one of the world’s leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators, with innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2006, KONE had annual net sales of EUR 3.6 billion and approximately 29,000 employees. Its class B shares are listed on the OMX Nordic Exchange in Helsinki, Finland.

www.kone.com