KONE Oyj - Company Announcement

Civil damage claims served in the Austrian cartel case

KONE Corporation, stock exchange release, March 15, 2010 at 4.30 p.m. EET

Certain municipalities, public authorities and companes have filed civil damage
claims against leading elevator and escalator companies in Austria. In total
eight claims have been served on KONE's Austrian subsidiary KONE AG. The claims
relate to the 2007 decision of the Austrian Cartel Court.

Most of the claims have been filed on a joint and several basis. The claimed
amounts have not been broken down per defendant. The total capital amount
claimed jointly and severally from all of the defendants together amounts to
108 million euros.

KONE's position is that the claims are without merit.

In December 2007 the Austrian Cartel Court found that KONE's Austrian subsidiary
and four other elevator and escalator companies had been involved in
anticompetitive practices, and consequently imposed fines on these companies
based on anticompetitive practices in the local Austrian market before mid-2004.
This decision was subsequently upheld by the Austrian Supreme Court. These
decisions do not by themselves, however, mean that KONE or other elevator and
escalator companies would have caused damage to their customers.

Each claim and the related evidence will be considered separately. The duration
of the proceedings is not known.


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

For further information, please contact:

Anne Korkiakoski, Executive Vice President, Marketing & Communications,
tel. +385 (0)204 75 4775 or +358 50 67411

Sender:

KONE Corporation

Anne Korkiakoski
Executive Vice President
Marketing & Communications



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