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KONE Corporation, stock exchange release, April 28, 2020 at 4.30 p.m. EEST

Change in KONE Corporation's holding of treasury shares

KONE Corporation has assigned a total of 294,497 KONE class B shares to the key 48 employees of the KONE share-based incentive program as a reward payment for the 2019 earnings period.

KONE Corporation has assigned a total of 3,315 KONE class B shares to the members of KONE Corporation's Board of Directors as a part of the board members' annual remuneration according to the decision of the Annual General Meeting on February 25, 2020.

A total of 3,487 KONE class B shares have been returned free of consideration to KONE Corporation by virtue of the terms of KONE Corporation's share-based incentive program for the year 2018.

The handover date for the shares was April 28, 2020. After the transfer, KONE Corporation holds 11,041,781 of its own class B shares.

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

Ilkka Hara
CFO

About KONE

At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2019, KONE had annual sales of EUR 10 billion, and at the end of the year approximately 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com

At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization, which add value to the life cycle of any building. Through more effective People Flow®, we make people’s journeys safe, convenient and reliable, in taller, smarter buildings. Together with our partners and customers around the world, we help cities to become better places to live in.