Announcement Pursuant to Securities Markets Act Chapter 2, Section 10

Morgan Stanley Investment Management Limited (Reg. no. 1981121) has on 8 March, 2007 announced pursuant to the Securities Markets Act chapter 2, section 9 that it has acquired shares in KONE Corporation so that its holding in the company has exceeded five (5) percent (1/20) of share capital.

1. The company: KONE Corporation

2. The date of change in holdings: 29 November, 2005

3. Exact proportion of share capital and voting rights: The shares managed by Morgan Stanley Investment Management Limited total 6,543,340 class B shares. The shares represent 5.11 percent of total share capital and 2.18 percent of total voting rights.

4. Shareholder: Fund management company Morgan Stanley Investment Management Limited (MSIM), registration number 1981121

Sender:

KONE Corporation

Jukka Ala-Mello
Director, Secretary to the Board ,

Minna Mars
Senior Vice President
Corporate Communications & IR