KONE Oyj - Changes board/management/auditors

Proposal for the composition of the Board of Directors of KONE Corporation

KONE Corporation, stock exchange release, January 23, 2009

The Board of Directors' Nomination and Compensation Committee of KONE
Corporation will propose to the Annual General Meeting of KONE
Corporation, to be held February 23, 2009, that the number of board
members be eight, with an additional deputy member.

The Nomination and Compensation Committee will propose that Anne
Brunila, Juhani Kaskeala and Shunichi Kimura be elected as new Board
members. Antti Herlin (Chairman of the Board), Sirkka
Hämäläinen-Lindfors (Vice Chairman), Matti Alahuhta, Reino Hanhinen,
Sirpa Pietikäinen and Jussi Herlin (as a Deputy Member) would
continue on the Board. From the current Board members, Masayuki
Shimono and Iiro Viinanen would resign from the Board. KONE extends
its gratitude to both Mr. Shimono and Mr. Viinanen for their
significant contribution as Members of the Board.

Anne Brunila, D.Sc. (Econ.), born 1957, has served as President of
the Finnish Forest Industries Federation since 2006. She is also a
member of the Board of Sampo plc, The Research Institute of the
Finnish Economy, the Finnish Business and Policy Forum and Aalto
University Foundation. Previously, she has served as the General
Director of the Finnish Ministry of Finance and in several advisory
and executive positions in the Bank of Finland and the European
Commission.

Juhani Kaskeala, Admiral, born 1946, has served as Commander of the
Finnish Defence Forces and as a member of the Military Committee of
the European Union since 2001. During his earlier military career, he
has served as Military Assistant to the President of the Republic of
Finland and as a Defence Attaché in London, the Hague and Brussels.

Shunichi Kimura, born 1951, has served as President and CEO of
Toshiba Elevator and Building Systems Corporation, alliance partner
of KONE, since June 2008. He has previously served in different
positions in the Toshiba Group since 1975.

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