KONE Oyj - Changes in company's own shares

KONE Corporation's long-term incentive plan: transfer of shares and change in holding of treasury shares

KONE Corporation, stock exchange release, February 13, 2025, at 03:00 p.m. EET

KONE Corporation's long-term incentive plan: transfer of shares and change in
holding of treasury shares

The Board of Directors of KONE Corporation has decided on 29 January, 2025,
based on the authorization given by the company's annual general meeting in
2024, on a directed share issue without consideration to pay the share reward
under the company's performance based long-term incentive plan 2022-2024.

In the share issue on 13 February 2025, KONE Corporation has assigned a total
of 253,248 KONE class B shares held by the company to 402 key
employees participating in the Group's performance based long-term incentive
plan's performance period 2022-2024. The shares assigned constitute the share
portion of the reward payments.

The shares were transferred on 13 February, 2025. After the transfer, KONE
Corporation holds 11,564,020 of its own class B shares.

For further information, please contact:

Kaija Bridger, Executive Vice President, People & Communications, tel. +358 20
475 4292

Sender:

KONE Corporation

Niina Vilske
Secretary to the Board

Kaija Bridger
Executive Vice President, People & Communications

About KONE

At KONE, our purpose is to shape the future of cities. As a global leader in the
elevator and escalator industry, we move two billion people every day, making
their journeys safe, convenient, and reliable with smart and sustainable People
Flow®. In 2024, KONE had annual sales of EUR 11 billion, and at the end of the
year over 60,000 employees in close to 70 countries. KONE class B shares are
listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com