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

KONE Corporation, stock exchange announcement, October 31, 2008

A total of 20,820 new KONE class B shares have been subscribed for
with 2005B option rights and a total of 69,550 new KONE class B
shares with 2005C option rights. The corresponding EUR 22,592.50
increase in KONE Corporation's share capital has been entered into
the Finnish Trade Register on October 31, 2008. Trading of the new
shares will start on November 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 2005B option rights were listed on the main list of the Helsinki
Stock Exchange on June 1, 2005 and the KONE 2005C option rights on
April 1, 2008. The maximum number of shares that can be subscribed
for with the remaining 2005B option rights is 646,140. The
subscription price is EUR 4.02 per share. The maximum number of
shares that can be subscribed for with the remaining 2005C option
rights is 3,911,150. The subscription price is EUR 12.55 per share.
KONE's share capital is EUR 64,269,687.50 after the entry into the
Trade Register, comprising 218,974,394 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 2007, KONE had annual net sales of EUR 4.1 billion
and over 32,500 employees. KONE class B shares are listed on the
NASDAQ OMX Helsinki Ltd 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 & Communications