Public Listing of KONE Corporation on the Helsinki Stock Exchange

As of June 1, 2005, the shares of KONE Corporation will be traded on the Helsinki Stock Exchange's Main List.

KONE Corporation is a global leader in providing complete and innovative solutions for the installation, modernization and maintenance of elevators and escalators and the maintenance of automatic building doors. KONE provides safe and easy access for hundreds of millions of people daily in all parts of the world. The company guarantees local service for builders, developers, building owners, designers and architects in 800 locations in over 40 countries. KONE has annual net sales of approximately EUR 2.9 billion and about 25,500 employees. "We warmly welcome KONE to the Helsinki Stock Exchange," said Jouni Torasvirta, President of the Helsinki Stock Exchange and head of Cash Markets business area at OMX Exchanges. ”During the past two years, KONE has created value for its shareholders and customers by developing both its divisions. From now on, it is to the advantage of KONE and Cargotec as well as the shareholders to develop both businesses as independent corporations, according to their own strategies,” stated Antti Herlin, CEO and Chairman of the KONE’s Board of Directors. Photos of the listing ceremony of KONE will be published on the Helsinki Stock Exchange’s website at www.omxgroup.com/helsinkistockexchange. For more information, please contact: Anu Ilvonen, Communications Manager, OMX Exchanges +358 9 6166 7599