KONE's Share Capital Increases through Subscription of Shares with 2005A and 2005B Option Rights

A total of 84,426 new KONE class B shares have been subscribed for with 2005A option rights and a total of 41,418 new KONE class B shares with 2005B option rights.

The corresponding EUR 62,922.00 increase in KONE Corporation’s share capital has been entered into the Finnish Trade Register on December 31, 2007. Trading of the new shares will start on January 3, 2008. 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 2005A and 2005B option rights were listed on the main list of the Helsinki Stock Exchange on June 1, 2005. To date, 843,084 shares have been subscribed for with the option rights. The maximum number of shares that can be subscribed for is 1,308,510. The subscription price is EUR 8.04 per share.

KONE’s share capital is EUR 64,176,297.00 after the entry into the Trade Register, comprising 109,300,416 listed class B shares and 19,052,178 unlisted class A shares.

About KONE

KONE is one of the world’s leading elevator and escalator companies. It provides customers with industry-leading elevators, escalators and innovative solutions for maintenance and modernization. KONE also provides maintenance services for 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 Helsinki in Finland.

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

Minna Mars
Senior Vice President,
Corporate Communications & IR