KONE's share capital increases through subscription of


KONE Corporation, stock exchange announcement, April 30, 2008
 
A total of 138,480 new KONE class B shares have been subscribed for
with 2005A option rights, a total of 43,512 new KONE class B shares
with 2005B option rights and a total of 7,000 new KONE class B shares
with 2005C option rights. The corresponding EUR 47,248.00 increase in
KONE Corporation's share capital has been entered into the Finnish
Trade Register on April 30, 2008. Trading of the new shares will
start on May 2, 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 707,916. 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 3,993,000. The subscription price is EUR 12.55 per share.
KONE's share capital is EUR 64,233,781.00 after the entry into the
Trade Register, comprising 218,830,768 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 OMX
Nordic Exchange 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 
                                   
Minna Mars
Senior Vice President,
Corporate Communications & IR
KONE's share capital increases through subscription of shares with 2005A, 2005B and 2005C option rights
