KONE s Share Capital Increases through Subscription of Shares with 2005A and 2005B Option Rights

KONE Corporation, Stock Exchange Announcement, November 2, 2007

A total of 13,002 new KONE class B shares have been subscribed for
with 2005A option rights and a total of 39,438 new KONE class B
shares with 2005B option rights. The corresponding EUR 26,220.00
increase in KONE Corporation's share capital has been entered into
the Finnish Trade Register on November 2, 2007. Trading of the new
shares will start on November 5, 2007. The shares acquired shall
first qualify for dividend payment for the financial year during
which the subscription has taken place. Other rights related to the
shares shall commence on the date when the increase in the share
capital is entered into the Trade Register.

KONE 2005A and 2005B option rights were listed on the main list of
the Helsinki Stock Exchange on June 1, 2005. To date, 717,240 shares
have been subscribed for with the option rights. The maximum number
of shares that can be subscribed for is 1,308,510. The subscription
price is EUR 8.04 per share.

KONE's share capital is EUR 64,113,375.00 after the entry into the
Trade Register, comprising 109,174,572 listed class B shares and
19,052,178 unlisted class A shares.

About KONE

KONE is one of the world's leading elevator and escalator companies.
It provides its customers with industry-leading elevators and
escalators, with 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
approximately 29,000 employees. Its class B shares are listed on the
OMX Nordic Exchange in Helsinki, Finland.

www.kone.com

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

Sender:

KONE Corporation

Jukka Ala-Mello
Secretary to the Board

Minna Mars
Senior Vice President,
Corporate Communications & IR