Local Proceedings Regarding Anticompetitive Practices by Elevator and Escalator Companies in Austria

KONE Corporation, Stock Exchange Release, 6 February, 2007 at 9.45 a.m. Finnish
time

Local Proceedings Regarding Anticompetitive Practices by Elevator and Escalator
Companies in Austria

KONE's Austrian subsidiary has been notified by the Austrian cartel court of the
initiation of proceedings for the imposition of fines against companies operating
in the Austrian elevator and escalator market including KONE's Austrian
subsidiary. The case relates to alleged anticompetitive practices in the local
market before mid 2004.

KONE has immediately initiated a thorough internal investigation.

Sender:

KONE Corporation


Klaus Cawén                              Minna Mars
Executive Vice President                 Senior Vice President,
                                         Corporate Communications & IR

For further information, please contact:
Klaus Cawén, Executive Vice President, tel +358 (0)204 75 4464
Minna Mars, Senior Vice President, Communications and IR, tel. +358 (0)204 75
4501

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 2006, KONE had annual net sales of EUR 3.6
billion and about 29,000 employees. Its class B shares are listed on the Helsinki
Stock Exchange in Finland.

www.kone.com