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KONE to Appeal the European Commissionís Decision


Mar 2, 2007

KONE will appeal the European Commissionís decision to impose fines of EUR 142 million for anticompetitive practices.

The fine will be recognized as cost in the first quarter of the financial year.


KONE Corporation

Klaus Cawťn
Executive Vice President

Minna Mars
Senior Vice President,
Corporate Communications & IR

For further information, please contact:
Minna Mars, SVP, Corporate Communications & IR , tel. +358 20475 4501

KONE is one of the worldís 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.


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