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

Stock Exchange Release Published 30/10/2009

A total of 2,000 new KONE class B shares have been subscribed for with 2005C option rights. The corresponding EUR 500.00 increase in KONE Corporation’s share capital has been entered into the Finnish Trade Register on October 30, 2009. Trading of the new shares will start on November 2, 2009. 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 2005C option rights were listed on NASDAQ OMX Helsinki Ltd. as of April 1, 2008. The maximum number of shares that can be subscribed for with the remaining 2005C option rights is 3,907,150. The subscription price is EUR 11.90 per share.

KONE’s share capital is EUR 64,418,242.50 after the entry into the Trade Register, comprising 219,568,614 listed class B shares and 38,104,356 unlisted class A shares.

About KONE

KONE’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. KONE provides its customers with industry-leading elevators, escalators and innovative solutions for modernization and maintenance, and is one of the global leaders in its industry. In 2008, KONE had annual net sales of EUR 4.6 billion and over 34,800 employees. KONE class B shares are listed on the NASDAQ OMX 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

Anne Korkiakoski
Executive Vice President,
Marketing and Communications