KONE Oyj - Company Announcement

KONE receives a one-time gain in financing income to be booked in the Q4 2015 result

KONE Corporation, stock exchange release, December 25, 2015 at 1.45 p.m. EET

KONE receives a one-time gain in financing income to be booked in the Q4 2015
result

The Extraordinary General Meeting of Toshiba Elevator and Building Systems
Corporation (TELC) has made a decision to distribute the proceeds from the sale
of its previously held stake in the share capital of KONE Corporation to the
shareholders of TELC as an extraordinary dividend. KONE is a shareholder in TELC
with a 19.9% stake in the company's share capital. The corresponding
extraordinary dividend to be distributed to KONE amounts to approximately EUR
120 million.

KONE will book this one-time financial gain as financing income in the fourth
quarter of 2015. Consequently, this one-time financial gain will not have an
impact on KONE's outlook for sales and EBIT for the financial year 2015. It will
however have a one-time positive impact of roughly EUR 110 million on the
company's net income in the fourth quarter of 2015.

For further information, please contact:
Katri Saarenheimo, Director, Investor Relations, tel. +358 (0)204 75 4705

Sender:

KONE Corporation

Klaus Cawén
Legal Affairs, M&A and Strategic Alliances

Eriikka Söderström
CFO

About KONE
KONE is one of the global leaders in the elevator and escalator industry. 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 industry-leading elevators, escalators, automatic building doors and
integrated solutions to enhance the People Flow in and between buildings. KONE's
services cover the entire lifetime of a building, from the design phase to
maintenance, repairs and modernization solutions. In 2014, KONE had annual net
sales of EUR 7.3 billion, and at the end of the year over 47,000 employees. KONE
class B shares are listed on the NASDAQ Helsinki Ltd. in Finland.

www.kone.com


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