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Statement of Objections from the European Commission

Stock Exchange Release Published 11/10/2005

KONE has received a Statement of Objections today from the European Commission concerning its investigation of localized anticompetitive practices in the elevator and escalator industry in Belgium, Germany, Luxemburg and the Netherlands.

KONE has fully cooperated with the European Commission since the initiation of the investigation in January 2004. The company is now analyzing the Statement of Objections and will submit its reply to the Commission in due course.
Sender:
KONE Corporation
Klaus Cawen
Executive Vice President
Minna Mars
Senior Vice President, Corporate Communications & IR
For further information, please contact:
Minna Mars, Senior Vice President, Corporate Communications & IR, tel. +358 (0)204 75 4501
KONE is the world’s fourth largest elevator and escalator company and provides complete and innovative solutions for the installation, maintenance and modernization of elevators and escalators and the maintenance of automatic building doors. KONE provides safe and easy access to hundreds of millions of people daily in all parts of the world. KONE has annual net sales of approximately EUR three billion and about 27,000 employees. Its class B shares are listed on the Helsinki Exchanges.
www.kone.com