KONE Oyj - Notice to general meeting

Summons to the Annual General Meeting

KONE Corporation, stock exchage release, January 23, 2009

The shareholders of KONE Corporation are hereby summoned to the
Annual General Meeting to be held at Finlandia Hall, Mannerheimintie
13, Helsinki, on Monday February 23, 2009 at 11:00 am. Shareholder
registration will begin at 10:00 am.

The meeting shall decide on the following matters:


 1. Matters pertaining to the Annual General Meeting as stated in
    Article 10 of KONE's Articles of Association and in Chapter 5 of
    the Companies Act:


The company's Board of Directors proposes that for the financial year
2008 a dividend of EUR 0.645 be paid for each of the class A shares
and a dividend of EUR 0.65 be paid for each of the outstanding class
B shares and that the date of record for dividend distribution be
February 26, 2009 and that the dividend be paid March 5, 2009.

The Board of Directors' Nomination and Compensation Committee
proposes that eight (8) Board Members and one (1) deputy Member be
elected, whereby Matti Alahuhta, Anne Brunila, Reino Hanhinen, Antti
Herlin, Sirkka Hämäläinen-Lindfors, Juhani Kaskeala, Shunichi Kimura
and Sirpa Pietikäinen be elected as Board Members and Jussi Herlin as
deputy Member, subject to their consent.

In addition, the Nomination and Compensation Committee proposes that
the Board Members' compensation be kept unchanged, whereby
compensation would be as follows: Chair of the Board of Directors EUR
54,000, Vice Chair EUR 42,000, Board  Members EUR 30,000 and deputy
Member 15,000 per year, as well as an EUR 500 fee per meeting for
each Member for Board and Committee meetings. The Board of Directors'
Audit Committee proposes that authorized public accountants
PricewaterhouseCoopers Oy and Heikki Lassila be elected as Auditors.


 1. Authorization of the Board of Directors to decide on the
    repurchase of treasury shares and on the distribution of the
    repurchased treasury shares


The Board of Directors proposes that the General Meeting authorize
the Board of Directors to decide on the repurchase of no more than
25,570,000 treasury shares with assets from the company's
unrestricted equity so that a maximum of 3,810,000 class A shares and
a maximum of 21,760,000 class B shares may be repurchased. The
consideration to be paid for the repurchased shares with respect to
both class A and class B shares will be determined based on the
trading price determined for class B shares on the NASDAQ OMX
Helsinki on the date of repurchase.

Class A shares will be repurchased in proportion to holdings of class
A shareholders at a price equivalent to the average price for the
company's class B shares on the NASDAQ OMX Helsinki on the date of
repurchase. Any holder wishing to offer his or her class A shares for
repurchase by the company must state his or her intention to the
company's Board of Directors in writing. The company may deviate from
the obligation to repurchase shares in proportion to the
shareholders' holdings if all the holders of class A shares give
their consent. Class B shares will be purchased in public trading on
the NASDAQ OMX Helsinki at the market price as per the time of
purchase.

The Board of Directors proposes that the General Meeting authorize
the Board of Directors to decide on the distribution of treasury
shares in the possession of the company so that the authorization is
limited to 3,810,000 class A shares and 21,760,000 class B shares.
The Board of Directors is authorized to decide to whom the shares
will be given, i.e. distribute shares in a directed manner in
deviation from the shareholders' pre-emptive rights.

The Board of Directors proposes that the authorizations remain in
effect for a period of one year following the date of decision of the
General Meeting.

Availability of Documents

The Company's financial statements and the proposals of the Board of
Directors are available to the shareholders one week prior to the
General Meeting at the company's main office at Kartanontie 1,
Helsinki, and on the company's web pages at
www.kone.com/corporate/en/Investors/AGM2009. Copies of the documents
will be sent to the shareholders upon request, and they will also be
available at the General Meeting.

Right to participate

In order to participate in the General Meeting, shareholders must be
registered in the company's shareholder register maintained by the
Finnish Central Securities Deposit at the latest on February 13,
2009. In order to participate in the General Meeting, holders of
nominee-registered shares must contact their account operator in
order for the shareholder to be temporarily registered in the
shareholder register at the latest on February 13, 2009.

Declaration of Intention to Attend

A shareholder who wishes to attend the General Meeting must declare
his or her intention to attend to the company no later than 4:00 pm
on February 18, 2009. The declaration can be made:

-         via KONE's web pages at
www.kone.com/corporate/en/Investors/AGM2009,
-         by letter to KONE Corporation, Share Register, PL 7, 02151
Espoo, Finland,
-         by telefax to +358 20 475 4523, or
-         by phone to +358 20 475 4336.

Shareholders are requested to notify the company of any proxies for
the General Meeting so that the proxies are in the company's
possession by the end of the registration period on February 18,
2009.

Helsinki, January 23, 2009

Board of Directors


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 2008, KONE had annual net sales of EUR 4.6 billion
and over 34,800 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