Decisions taken by KONE Corporation's Annual General Meeting and Board of Directors

KONE Corporation, stock exchange release, February 28, 2011 at 1.00 p.m. EET


Matters relating to the Annual General Meeting



KONE Corporation's Annual General Meeting was held in Helsinki on February
28, 2011. The meeting approved the financial statements and discharged the
responsible parties from liability for the financial period January 1-December
31, 2010.



The General Meeting approved dividends of EUR 0.895 for each of the 38,104,356
class A shares and EUR 0.90 for the 217,283,894 outstanding class B shares. The
date of record for dividend distribution is March 3, 2011, and dividends will be
payable on March 10, 2011.



The number of Members of the Board of Directors was confirmed as eight and it
was decided to elect one deputy Member. Re-elected as Members of the Board were
Matti Alahuhta, Anne Brunila, Reino Hanhinen, Antti Herlin, Sirkka Hämäläinen-
Lindfors, Juhani Kaskeala, Shunichi Kimura and Sirpa Pietikäinen and as deputy
Member Jussi Herlin.



The General Meeting confirmed an annual compensation of EUR 54,000 for the
Chairman of the Board, EUR 44,000 for the Vice Chairman, EUR 33,000 for Board
Members and EUR 16,500 for the deputy Member. In addition, a compensation of EUR
500 was approved for attendance at Board and Committee meetings.



Authorized public accountants PricewaterhouseCoopers Oy and Heikki Lassila were
nominated as auditors.



Authorization to repurchase own shares



The General Meeting approved the authorization for the Board of Directors to
repurchase KONE's own shares. Altogether no more than 25,570,000 shares may be
repurchased, of which no more than 3,810,000 may be class A shares and
21,760,000 class B shares. The authorization shall remain in effect for a period
of one year from the date of decision of the General Meeting.



Decisions by the Board of Directors



At its meeting held after the General Meeting, the Board of Directors elected
from among its members Antti Herlin as its Chair and Sirkka Hämäläinen-Lindfors
as Vice Chair.



Antti Herlin was elected as Chairman of the Audit Committee. Sirkka Hämäläinen-
Lindfors and Anne Brunila were elected as independent Members of the Audit
Committee.



Antti Herlin was elected as Chairman of the Nomination and Compensation
Committee. Reino Hanhinen and Juhani Kaskeala were elected as independent
Members of the Nomination and Compensation Committee.



About KONE
KONE is one of the global leaders in the elevator and escalator industry. The
company has been committed to understanding the needs of its customers for the
past century, providing industry-leading elevators, escalators and automatic
building doors as well as innovative solutions for modernization and
maintenance. The company'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. In 2010, KONE had annual net sales of EUR 5 billion and
approximately 33,800 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. +358 204 75 4226

Sender:

KONE Corporation

Jukka Ala-Mello
Secretary to the Board

Anne Korkiakoski
Executive Vice President
Marketing and Communications

[HUG#1492860]