Subscription of 1,500 Shares with KONE 2005A Option Rights in May 2006

Jun 1, 2006

In May 2006, a total of 1,500 KONE class B shares has been subscribed for with 2005A option rights. In accordance with the previously announced share subscription schedule, the corresponding increase in KONE Corporation’s share capital is intended to be entered into the Finnish Trade Register by 11 August, 2006. Trading of the new shares will commence on the Helsinki Stock Exchange, together with the existing class B shares, after the entry of the new shares into Trade Register.

Sender:

KONE Corporation

Jukka Ala-Mello
Director, Secretary to the Board

Minna Mars
Senior Vice President,
Corporate Communications & IR

For further information, please contact:
Jukka Ala-Mello, Director, Secretary to the Board, tel. +358 (0)204 75 4226

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 2005, KONE had annual net sales of EUR 3.2 billion and about 27,000 employees. Its class B shares are listed on the Helsinki Exchanges.

www.kone.com

Contact Information

Jukka Ala-Mello

Director, Secretary to the Board

KONE Corporation

Contact via E-mail