KONE Oyj - Decisions of general meeting

Decisions taken by KONE Corporation's Annual General Meeting and Board of Directors

KONE Corporation, stock exchange release, February 28, 2017 at 1.30 p.m. EET

Decisions taken by KONE Corporation's Annual General Meeting and Board of
Directors

Matters relating to the Annual General Meeting

KONE Corporation's Annual General Meeting was held in Helsinki on February
28, 2017. The meeting approved the financial statements and discharged the
responsible parties from liability for the financial period January 1-December
31, 2016.

The General Meeting approved dividends in line with the Board of Director's
proposal of EUR 1.5475 for each of the 76,208,712 class A shares and EUR 1.55
for each of the outstanding 437,076,029 class B shares. The date of record for
dividend distribution is March 2, 2017 and dividends will be payable on March
9, 2017.

The number of Members of the Board of Directors was confirmed as eight. Re-
elected as Members of the Board were Matti Alahuhta, Anne Brunila, Antti Herlin,
Iiris Herlin, Jussi Herlin, Ravi Kant, Juhani Kaskeala and Sirpa Pietikäinen.

The General Meeting confirmed an annual compensation of EUR 54,000 for the
Chairman of the Board, EUR 44,000 for the Vice Chairman and EUR 37,000
(previously EUR 33,000) for Board Members. In addition, a compensation of EUR
500 was approved for attendance at Board and Committee meetings. For Committee
members residing outside of Finland, a compensation of EUR 2,000 for attendance
at Committee meetings was approved. Of the annual remuneration, 40 percent will
be paid in class B shares of KONE Corporation and the rest in cash.

Authorized public accountants PricewaterhouseCoopers Oy and Niina Vilske were
nominated as auditors.

Authorization to repurchase own shares

The General Meeting approved the authorization for the Board of Directors to
repurchase KONE's own shares. Altogether no more than 52,440,000 shares may be
repurchased, of which no more than 7,620,000 may be class A shares and
44,820,000 class B shares. The authorization shall remain in effect for a period
of one year from the date of decision of the General Meeting.

Decisions by the Board of Directors

At its meeting held after the General Meeting, the Board of Directors elected
from among its members Antti Herlin as its Chairman and Jussi Herlin as Vice
Chairman.

Jussi Herlin was elected as Chairman and Anne Brunila, Antti Herlin and Ravi
Kant as members of the Audit Committee. Anne Brunila and Ravi Kant are
independent of both the company and of significant shareholders.

Antti Herlin was elected as Chairman and Matti Alahuhta, Jussi Herlin and Juhani
Kaskeala as members of the Nomination and Compensation Committee. Juhani
Kaskeala is independent of both the company and of significant shareholders and
Matti Alahuhta is independent of significant shareholders.

 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 2016, KONE had annual net sales of EUR 8.8 billion
and at the end of the year over 52,000 employees. KONE class B shares are listed
on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com








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