KONE Oyj - Decisions of general meeting

Decisions taken by KONE Corporation's Annual General Meeting and Board of Directors

KONE Corporation, stock exchange release, March 1, 2010 at 1.20 p.m. EET

Matters relating to the Annual General Meeting

KONE Corporation's Annual General Meeting was held in Helsinki on March
1, 2010. The meeting approved the financial statements and discharged the
responsible parties from liability for the financial period January
1-December 31, 2009.

The General Meeting approved dividends of EUR 1.295 for each of the 38,104,356
class A shares and EUR 1.30 for the 215,633,008 outstanding class B shares. The
date of record for dividend distribution is March 4, 2010, and dividends will be
payable on March 11, 2010. Further the General Meeting decided to authorize the
Board of Directors to grant during year 2010 no more than EUR 3,500,000 to
support activities of universities and colleges, and that 100,000 treasury class
B shares of KONE Corporation is distributed without compensation to the KONE
Corporation Centennial Foundation to be established, and that Board is
authorized to grant later no more than EUR 100,000 to the KONE Corporation
Centennial Foundation.

The number of Members of the Board of Directors was confirmed as eight and it
was decided to elect one deputy Member. Re-elected as Members of the Board were
Matti Alahuhta, Anne Brunila, Reino Hanhinen, Antti Herlin, Sirkka
Hämäläinen-Lindfors, Juhani Kaskeala, Shunichi Kimura and Sirpa Pietikäinen and
as deputy Member Jussi Herlin.

The General Meeting confirmed an annual compensation of EUR 54,000 for the
Chairman of the Board, EUR 42,000 for the Vice Chairman, EUR 30,000 for Board
Members and EUR 15,000 for the deputy Member. In addition, a compensation of EUR
500 was approved for attendance at Board and Committee meetings.

Authorized public accountants Heikki Lassila and PricewaterhouseCoopers Oy were
nominated as auditors.

Authorization to repurchase own shares and to decide on the issuance of shares
as well as the issuance of options and other special rights entitling to shares

The General Meeting approved the authorization for the Board of Directors to
repurchase KONE's own shares. Altogether no more than 25,570,000 shares may be
repurchased, of which no more than 3,810,000 may be class A shares and
21,760,000 class B shares. The authorization shall remain in effect for a period
of one year from the date of decision of the General Meeting.

Further, the General Meeting authorized the Board of Directors to decide on the
issuance of shares as well as the issuance of options and other special rights
entitling to shares referred to in chapter 10 section 1 of the Finnish Companies
Act. The amount of shares to be issued based on this authorization shall not
exceed 3,810,000 class A shares and 21,760,000 class B shares. The Board of
Directors decides on all the conditions of the issuance of shares and of special
rights entitling to shares. The authorization concerns both the issuance of new
shares as well as the transfer of treasury shares, and the issuance of shares
and of special rights entitling to shares may be carried out in deviation from
the shareholders' pre-emptive rights (directed issue). The authorization shall
remain in effect for a period of five years following the date of decision of
the General Meeting.

Establishment of the KONE Corporation Centennial Foundation

The General Meeting decided to establish the KONE Corporation Centennial
Foundation. The purpose of the foundation is to advance and support
developmental, educational and cultural activities for children and youth around
the world.

Decisions by the Board of Directors

At its meeting held after the General Meeting, the Board of Directors elected
from among its members Antti Herlin as its Chair and Sirkka Hämäläinen-Lindfors
as Vice Chair.

Antti Herlin was elected as Chairman of the Audit Committee. Sirkka
Hämäläinen-Lindfors and Anne Brunila were elected as independent Members of the
Audit Committee.

Antti Herlin was elected as Chairman of the Nomination and Compensation
Committee. Reino Hanhinen and Juhani Kaskeala were elected as independent
Members of the Nomination and Compensation Committee.

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 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 2009, KONE had annual net sales of EUR 4.7 billion
and approximately 34,000 employees. KONE class B shares are listed on the NASDAQ
OMX Helsinki Ltd in Finland. Founded in 1910, KONE celebrates its centennial
anniversary in 2010.

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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