The judgment by the General Court of the EU on KONE's appeal against the European Commission's 2007 fining decision

KONE Corporation, stock exchange release, July 13, 2011 at 12:15 p.m EET

The General Court of the European Union has today announced its judgment
concerning KONE's appeal against the European Commission's 2007 decision to
impose fines on the major elevator and escalator companies, including KONE, for
anticompetitive practices prior to mid-2004.

KONE's appeal was rejected by the court. KONE will study the judgment and decide
on potential further action.

KONE announced in March 2007 that it would appeal the European Commission's
February 2007 decision to impose fines for local anticompetitive practices in
Belgium, Luxembourg, Germany and the Netherlands. The EUR 142 million fines
imposed on KONE were recognized as a cost in the first quarter of 2007.

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(TM)
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:

Karla Lindahl, Director, Investor Relations, tel. +358 204 75 4441

Sender:

KONE Corporation
Klaus Cawen, Executive Vice President, M&A and Strategic Alliances, Russia and
Legal Affairs

Anne Korkiakoski, Executive Vice President, Marketing and Communications


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