KONE Oyj - Company Announcement

Subscription of shares with KONE Corporation 2007 option rights and change in holding of treasury shares

KONE Corporation, stock exchange release, December 22, 2011 at 9.45 a.m. EET

A total of 268,944 KONE class B shares have been subscribed for with 2007 option
rights. The subscribed shares have been delivered to the subscribers on December
22, 2011. In accordance with KONE Corporation's Board of Directors' resolution,
the subscriptions were made using treasury class B shares held by KONE
Corporation.

Further a total of 3,000 KONE class B shares have been returned on December
22, 2011 free of consideration to KONE Corporation by virtue of the terms of
KONE Corporation´s share-based incentive program for the years 2010-2012.

After the subscription and change of the shares, KONE Corporation holds
4,962,176 of its own class B shares on December 22, 2011.

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:

Jukka Ala-Mello, Secretary to the Board, tel. +358 (0)204 75 4226

Sender:

KONE Corporation

Jukka Ala-Mello
Secretary to the Board

Anne Korkiakoski
Executive Vice President
Marketing & Communications


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