KONE Oyj - Changes board/management/auditors

Proposal for the composition of the Board of Directors of KONE Corporation

KONE Corporation, stock exchange release, January 29, 2015 at 1.45 p.m. EET

Proposal for the composition of the Board of Directors of KONE Corporation

The Board of Directors' Nomination and Compensation Committee of KONE
Corporation proposes to the Annual General Meeting of KONE Corporation, to be
held February 23, 2015, that the number of board members is to be nine.

The Nomination and Compensation Committee proposes that Iiris Herlin and
Kazunori Matsubara are elected as new Board members for KONE Corporation. Antti
Herlin (Chairman of the Board), Jussi Herlin (Vice Chairman), Matti Alahuhta,
Anne Brunila, Ravi Kant, Juhani Kaskeala and Sirpa Pietikäinen would continue on
the Board. From the current Board members, Sirkka Hämäläinen-Lindfors and
Shinichiro Akiba would resign from the Board. KONE extends its gratitude to both
Mrs. Hämäläinen-Lindfors and Mr. Akiba for their significant contribution as
Members of the Board during several past years.

Iiris Herlin, born 1989, has been Deputy Member of the KONE Board since 2013.

Kazunori Matsubara, born 1958, has served as President and CEO of Toshiba
Elevator and Building Systems Corporation, alliance partner of KONE, since April
2014. He has previously served in different positions in the Toshiba Group since
1980.

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

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 OMX Helsinki Ltd. in Finland.

www.kone.com


[HUG#1890346]