KONE Oyj - Company Announcement

KONE Corporation to repurchase own shares

KONE Corporation, stock exchange release, February 23, 2009

KONE Corporation's Annual General Meeting held on February 23, 2009
authorized the Board of Directors to repurchase and redistribute 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 3, 2009. 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 4,905,506
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'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