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Subscription of shares with KONE 2005 option rights in 2005

Stock Exchange Release Published 17/08/2005

KONE option rights based on the KONE Corporation option program 2005 were listed on the main list of the Helsinki Stock Exchange on 1 June, 2005. The number of listed A option rights was 72,185 and B option rights 145,900. One option right entitles the holder to subscribe for three (3) KONE class B shares, and the maximum number of shares that can be subscribed for is 654, 255. The subscription price is EUR 16.08 per share. The series A option rights share subscription period ends on 31 March, 2008 and the series B option rights subscription period on 31 March, 2009.

The share subscription timetable in 2005 is as follows:

Last subscription dateIncrease of share capital registered
16 September, 2005By the end of September
19 October, 2005By the end of October
30 November, 2005By the end of December

The Board will not handle share subscriptions between the end of the accounting period and the Annual General Meeting 2006.

Sender:

KONE Corporation

Tapio Hakakari
Director, Secretary to the Board

Minna Mars
Senior Vice President,
Corporate Communications & IR

For further information, please contact:
Tapio Hakakari, Director, Secretary to the Board, tel. +358 (0)204 75 4226

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