KONE Oyj - Decisions of general meeting

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

KONE Corporation, stock exchange release, February 23, 2009

Matters relating to the Annual General Meeting

KONE Corporation's Annual General Meeting was held in Helsinki on
February 23, 2009. The meeting approved the financial statements and
discharged the responsible parties from liability for the financial
period January 1-December 31, 2008.

The Annual General Meeting approved dividends of EUR 0.645 for each
of the 38,104,356 class A shares and EUR 0.65 for the 214,643,060
outstanding class B shares. The date of record for dividend
distribution is February 26, 2009, and dividends will be payable on
March 5, 2009.

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, Reino Hanhinen, Antti
Herlin, Sirkka Hämäläinen-Lindfors and Sirpa Pietikäinen and as
deputy Member Jussi Herlin. As new Members of the Board of Directors
were elected Anne Brunila, Juhani Kaskeala and Shunichi Kimura.

The Annual 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 acquire and distribute own shares

The Board of Directors' proposal that the Annual General Meeting
authorize the Board of Directors to repurchase KONE's own shares was
approved. 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.

Further, the Board of Directors' proposal that the Annual General
Meeting authorize the Board of Directors to decide on the
distribution of any shares repurchased by the company was approved.
The authorization is limited to a maximum of 3,810,000 class A shares
and 21,760,000 class B shares. The Board shall have the right to
decide to whom to issue the shares, i.e. to issue shares in deviation
of the pre-emptive rights of shareholders.

These authorizations shall remain in effect for a period of one year
from the date of decision of the Annual General Meeting.

Decisions by the Board of Directors

At its meeting held after the Annual 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.

The Board of Directors stated also at its meeting that from the new
Members of the Board Anne Brunila and Juhani Kaskeala are independent
of both the Company and of significant shareholders. Shunichi Kimura
was evaluated to be independent of significant shareholders.

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