KONE Oyj - Company Announcement

KONE Corporation applies for listing of its 2007 stock options

KONE Corporation, stock exchange release, March 16, 2010 at 9:30 a.m. EET

KONE Corporation will apply for the listing of its 2007 stock options on the
NASDAQ OMX Helsinki Ltd so that the listing begins as of April 1, 2010.

The total number of the 2007 stock options is 2,000,000.  Each option right
entitles its holder to subscribe for two (2) class B shares.  In total, the
2007 stock options entitle to subscribe for 4,000,000 class B shares of KONE
Corporation, at maximum. KONE Corporation's subsidiary, KONE Capital Oy, has
888,000 stock options in its possession. KONE Corporation's Board of Directors
has resolved, in accordance with the terms and conditions of the stock options,
that instead of the new class B shares in the company, the stock option holders
will be offered shares held by the company (treasury shares) in the share
subscription.

The current subscription price for 2007 stock options is EUR 22.845 per share.
The subscription price of the shares subscribed for by the stock options has
been reduced in accordance with the terms and conditions by the amount of
dividends declared before the share subscription at the record date for each
dividend distribution and due to the registration of the share issue without
payment (split 1:2) on February 28, 2008.

KONE Corporation's Board of Directors has noted that the criteria of the 2007
stock options plan have been met and resolved that the share subscription period
will begin on April 1, 2010 in accordance with the terms and conditions. The
stock options may be freely transferred as of that date. The subscription period
will end on April 30, 2012. The place of subscription will be Carnegie
Investment Bank Ab, Finland Branch.

Finnish Financial Supervisory Authority (FIN-FSA) has granted KONE Corporation
an exemption (dnro 19/212/2010) from the obligation to publish a prospectus when
applying for admission of the 2007 stock options to public trading.

The reasons to grant the 2007 stock options and the original terms and
conditions have been published by a stock exchange release on December 5, 2007.
The updated, full version of the terms and conditions of the 2007 stock options
is available on the company's website at www.kone.com <http://www.kone.com>.

The share subscription timetable in 2010 is as follows:
2007 option rights

+------------------------------------------------------------------+
|Last subscription date Delivery of the subscribed shares latest by|
+------------------------------------------------------------------+
|April 15, 2010         May 6, 2010                                |
+------------------------------------------------------------------+
|July 15, 2010          August 5, 2010                             |
+------------------------------------------------------------------+
|October 14, 2010       October 28, 2010                           |
|December 15, 2010      December 31, 2010                          |
+------------------------------------------------------------------+

The Board will not handle share subscriptions between the end of the financial
year 2010 and the Annual General Meeting 2011.


About KONE

KONE is one of the global leaders in the elevator and escalator industry. The
company has been committed to understanding the needs of its customers for the
past century, providing industry-leading elevators, escalators and automatic
building doors as well as innovative solutions for modernization and
maintenance. The company'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. In 2009, KONE had annual net sales of EUR 4.7 billion
and approximately 34,000 employees. KONE class B shares are listed on the NASDAQ
OMX Helsinki Ltd in Finland. Founded in 1910, KONE celebrates its centennial
anniversary in 2010.

www.kone.com <http://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


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