KONE Oyj - Changes in company's own shares

Change in KONE Corporation's holding of treasury shares

KONE Corporation, stock exchange release, January 27, 2023 at 1.30 p.m. EET

Change in KONE Corporation's holding of treasury shares

KONE Corporation has assigned a total of 121,084 KONE class B shares to the key
424 employees of the KONE share-based incentive programs as a reward payment for
the 2020-2021 earnings period.

The handover date for the shares was January 27, 2023. After the transfer, KONE
Corporation holds 12,185,556 of its own class B shares.

For further information, please contact:
Natalia Valtasaari, Head of Investor Relations, tel. +358 (0)204 75 4705

Sender:
KONE Corporation

Johannes Frände
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 2022, KONE had annual sales of EUR 10.9 billion,
and at the end of the year over 60,000 employees. KONE class B shares are listed
on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com