KONE Oyj - Major shareholder announcements

Announcement Pursuant to Securities Markets Act Chapter 2, Section 10

Morgan Stanley Investment Management Limited (Reg. no. 1981121) has on 8 March,
2007 announced pursuant to the Securities Markets Act chapter 2, section 9 that
it has acquired shares in KONE Corporation so that its holding in the company
has exceeded five (5) percent (1/20) of share capital. 

1. The company: KONE Corporation

2. The date of change in holdings: 29 November, 2005

3. Exact proportion of share capital and voting rights: The shares managed by
Morgan Stanley Investment Management Limited total 6,543,340 class B shares.
The shares represent 5.11 percent of total share capital and 2.18 percent of
total voting rights. 

4. Shareholder: Fund management company Morgan Stanley Investment Management
Limited (MSIM), registration number 1981121 

Sender:

KONE Corporation


Jukka Ala-Mello                     Minna Mars
Director, Secretary to the Board    Senior Vice President, 
                                    Corporate Communications & IR

For further information, please contact:
Jukka Ala-Mello, Director, Secretary to the Board, tel. +358 (0)204 75 4226

KONE is one of the world's leading elevator and escalator companies. It
provides its customers with industry-leading elevators and escalators and
innovative solutions for their maintenance and modernization. KONE also
provides maintenance of automatic building doors. In 2006, KONE had annual net
sales of EUR 3.6 billion and about 29,000 employees. Its class B shares are
listed on the Helsinki Stock Exchange in Finland. 

www.kone.com