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KONE Corporation, stock exchange release, May 23, 2019 at 4.30 p.m. EEST 

KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10

KONE Corporation has received an announcement from BlackRock, Inc. on May 23, 2019, in accordance with the Finnish Securities Market Act Chapter 9, Section 5.

According to the announcement, the total number of KONE Corporation shares owned by BlackRock, Inc. and its funds decreased below five (5) per cent of the share capital of KONE Corporation on May 22, 2019.

Total position of BlackRock, Inc. and its funds subject to the notification:

+----------------+-----------+--------------+-----------+-----------------+
| |% of shares|% of shares |% of total |Total number of |
| |and voting |and voting | |shares |
| |rights |rights | |and voting rights|
| | |through | |of |
| | |financial | |issuer |
| | |instruments | | |
+----------------+-----------+--------------+-----------+-----------------+
|Resulting |Below 5% of|Below 5% of |Below 5% of|529,395,860 |
|situation on the|sharesBelow|sharesBelow 5%|sharesBelow|shares121,527,427|
|date on |5% of |of |5% of |voting |
|which the |voting |voting rights |voting |rights  |
|threshold was |rights  | |rights  | |
|crossed or | | | | |
|reached | | | | |
+----------------+-----------+--------------+-----------+-----------------+
|Position of |4.95% |0.07% |5.03% | |
|previous |sharesBelow|sharesBelow 5%|sharesBelow| |
|notification (if|5% |voting |5% | |
|applicable) |voting |rights |voting | |
| |rights | |rights | |
+----------------+-----------+--------------+-----------+-----------------+

Notified details of the resulting situation on the date on which the threshold was crossed:

A: shares and voting rights

+------------+-----------+---------------------+-----------+---------------------+
|Class / type|Number of |% of shares |
|of shares |shares and |and voting |
| |voting |rights |
| |rights | |
+------------+-----------+---------------------+-----------+---------------------+
| |Direct (SMA|Indirect (SMA 9:6 and|Direct (SMA|Indirect (SMA 9:6 and|
| |9:5) |9:7) |9:5) |9:7) |
+------------+-----------+---------------------+-----------+---------------------+
|FI0009013403| |Below 5% of | |Below 5% of |
| | |sharesBelow 5% of | |sharesBelow 5% of |
| | |voting rights  | |voting rights  |
+------------+-----------+---------------------+-----------+---------------------+
|SUBTOTAL A |Below 5% of |Below 5% of |
| |sharesBelow |sharesBelow |
| |5% of |5% of |
| |voting |voting |
| |rights  |rights  |
+------------+-----------+---------------------+-----------+---------------------+

B: Financial instruments according to SMA 9:6a:

+----------+----------+----------+----------+-----------+----------------------+
|Type of |Expiration|Exercise /|Physical |Number of |% of shares and voting|
|financial |date |Conversion|or |shares and |rights |
|instrument| |Period |cash |voting | |
| | | |settlement|rights | |
+----------+----------+----------+----------+-----------+----------------------+
|Depositary|N/A |N/A |Physical |Below 5% of|Below 5% of |
|Receipt | | | |sharesBelow|sharesBelow 5% of |
| | | | |5% of |voting rights  |
| | | | |voting | |
| | | | |rights  | |
+----------+----------+----------+----------+-----------+----------------------+
|Securities|N/A |N/A |Physical |Below 5% of|Below 5% of |
|Lent | | | |sharesBelow|sharesBelow 5% of |
| | | | |5% of |voting rights |
| | | | |voting | |
| | | | |rights  | |
+----------+----------+----------+----------+-----------+----------------------+
|CFDs |N/A |N/A |Cash |Below 5% |Below 5% sharesBelow |
| | | | |sharesBelow|5% voting rights |
| | | | |5% voting | |
| | | | |rights | |
+----------+----------+----------+----------+-----------+----------------------+
|SUBTOTAL B| | | |Below 5% of|Below 5% of |
| | | | |sharesBelow|sharesBelow 5% of |
| | | | |5% of |voting rights  |
| | | | |voting | |
| | | | |rights  | |
+----------+----------+----------+----------+-----------+----------------------+

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, tel. +358 (0)204 75 4705

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 2018, KONE had annual sales of EUR 9.1 billion, and at the end of the year over 57,000 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.