KONE Oyj - Company Announcement

KONE Corporation to repurchase own shares

KONE Corporation, stock exchange release, March 1, 2010 at 1.35 p.m. EET

KONE Corporation's Annual General Meeting held on March 1, 2010 authorized the
Board of Directors to repurchase the company's own shares. On the basis of this
authorization, KONE Corporation's Board of Directors has decided to commence the
possible repurchasing of shares at the earliest on March 9, 2010. The
repurchasing of shares can continue until otherwise announced.

Altogether no more than 25,570,000 shares may be repurchased, of which no more
than 3,810,000 are to be class A shares and 21,760,000 class B shares, taking
into consideration the provisions of the Companies Act regarding the maximum
amount of own shares that the Company is allowed to possess. The KONE Group
currently has 4,710,242 class B shares in its possession.

The minimum and maximum consideration for the shares to be purchased is
determined for both class A and class B shares on the basis of the trading price
for class B shares determined on the NASDAQ OMX Helsinki Oy on the time of
purchase.

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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