KONE Oyj KONE Corporation, stock exchange release, June 27, 2008

Anne Korkiakoski, M.Sc. (Econ), has been appointed Executive Vice President, Marketing & Communications and Member of the Executive Board as of September 1, 2008. She will be responsible for KONE Corporation's Marketing, External and Internal Communications as well as Investor Relations. Korkiakoski will report to President & CEO Matti Alahuhta. Before joining KONE, Anne Korkiakoski has been working at Elisa Corporation where she has been responsible for External and Internal Communications and Marketing Communications. Previously, she has been Managing Director of the Finnish subsidiary of Euro RSCG, an international advertising and communications agency, as well as the company's director for the Nordic region.

Minna Mars, currently responsible for KONE's Corporate Communication & Investor Relations, will move to the United States. She will be responsible for developing environmental communications in KONE's "Environmental Excellence" development program. Tuomas Kahri, currently Senior Vice President, Global Marketing & Quality at KONE Corporation, will start working as Head of Marketing and Communications at Hartwall.

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 2007, KONE had annual net sales of EUR 4.1 billion and over 32,500 employees. KONE class B shares are listed on the OMX Nordic Exchange Helsinki in Finland.

www.kone.com

For further information, please contact: Minna Mars, tel. +358 50 384 9440 Anne Korkiakoski, tel. +358 50 67411

Sender:

KONE Corporation

Kerttu Tuomas Executive Vice President, Human Resources

Minna Mars Senior Vice President, Corporate Communications & IR

KONE Oyj

http://www.kone.com

ISIN: FI0009013403

Stock Identifier: XHEL.KNEBV

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