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Subscription of Shares with KONE 2005A and 2005B Option Rights in 2007

Subscription of Shares with KONE 2005A and 2005B Option Rights in 2007

Stock Exchange Release Published 01/12/2006

KONE 2005A and 2005B 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. Each option right entitles to subscription for six (6) class B shares at a price of EUR 8.04 per share. The remaining 2005A option rights entitle the holders to subscribe for 260,850 class B shares, and the remaining 2005B option rights for 563,160 class B shares. 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 2007 is as follows: Last subscription date Increase of share capital registered 21 February, 2007 by 9 March, 2007 19 April, 2007 by 11 May, 2007 16 July, 2007 by 10 August, 2007 18 October, 2007 by 2 November, 2007 30 November, 2007 by 31 December, 2007 The Board will not handle share subscriptions between the end of the accounting period and the Annual General Meeting 2008. Sender: KONE Corporation Jukka Ala-Mello Director, Secretary to the Board Minna Mars Senior Vice President, Corporate Communications & IR For further information, please contact: Jukka Ala-Mello, Director, Secretary to the Board, tel. +358 (0)204 75 4226 KONE is one of the world’s leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators and innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2005, KONE had annual net sales of EUR 3.2 billion and about 27,000 employees. Its class B shares are listed on the Helsinki Stock Exchange. www.kone.com