KONE Oyj - Company Announcement

Subscription of shares with KONE 2005B and 2005C option rights in 2009

KONE Corporation, stock exchange announcement, December 1, 2008

KONE 2005B and 2005C option rights were listed on the main list of
the Helsinki Stock Exchange (NASDAQ OMX Helsinki Ltd) on June 1, 2005
and April 1, 2008 respectively. Each 2005B option right entitles to
the subscription of twelve (12) class B shares at a price of EUR 4.02
per share and each 2005C option right entitles to the subscription of
two (2) class B shares at a price of EUR 12.55 per share.

The subscription period for the 2005B option rights ends on March 31,
2009 and on April 30, 2010 for the 2005C option rights.

The share subscription timetable in 2009 is as follows:

2005B option rights



Last subscription date Increase of share capital registered latest by
February 18, 2009      March 6, 2009
March 31, 2009         April 30, 2009


2005C option rights


Last subscription date Increase of share capital registered latest by
February 18, 2009      March 6, 2009
April 16, 2009         April 30, 2009
July 16, 2009          August 7, 2009
October 15, 2009       October 30, 2009
November 30, 2009      December 31, 2009

The Board will not handle share subscriptions between the end of the
2009 accounting period and the following Annual General Meeting.

About KONE

KONE'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. KONE provides its customers with
industry-leading elevators, escalators and innovative solutions for
modernization and maintenance, and is one of the global leaders in
its industry. In 2007, KONE had annual net sales of EUR 4.1 billion
and over 32,500 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