KONE Oyj - Major shareholder announcements

KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10

KONE Corporation, stock exchange release, May 22, 2019 at 8.30 p.m. EEST

KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter
9, Section 10

KONE Corporation has received an announcement from BlackRock, Inc. on May 22,
2019, in accordance with the Finnish Securities Market Act Chapter 9, Section 5.

According to the announcement, the total number of KONE Corporation shares owned
by BlackRock, Inc. and its funds excluding financial instruments according to
SMA 9:6a decreased below five (5) per cent of the total number of shares of KONE
Corporation on May 21, 2019. The total number of shares including financial
instruments according to SMA 9:6a owned by BlackRock, Inc. and its funds
remained above five (5) per cent of the total number of shares of KONE
Corporation on May 21, 2019.

Total position of BlackRock, Inc. and its funds subject to the notification:

+----------------+-----------+--------------+-----------+-----------------+
|                |% of shares|% of shares   |% of total |Total number of  |
|                |and        |and voting    |           |shares           |
|                |voting     |rights        |           |and voting rights|
|                |rights     |through       |           |of               |
|                |           |financial     |           |issuer           |
|                |           |instruments   |           |                 |
+----------------+-----------+--------------+-----------+-----------------+
|Resulting       |4.95%      |0.07%         |5.03%      |529,395,860      |
|situation on the|sharesBelow|sharesBelow 5%|sharesBelow|shares121,527,427|
|date on         |5% voting  |voting        |5% voting  |voting           |
|which the       |rights     |rights        |rights     |rights           |
|threshold was   |           |              |           |                 |
|crossed or      |           |              |           |                 |
|reached         |           |              |           |                 |
+----------------+-----------+--------------+-----------+-----------------+
|Position of     |5.02%      |0.56%         |5.59%      |                 |
|previous        |sharesBelow|sharesBelow 5%|sharesBelow|                 |
|notification (if|5% voting  |voting        |5% voting  |                 |
|applicable)     |rights     |rights        |rights     |                 |
+----------------+-----------+--------------+-----------+-----------------+

Notified details of the resulting situation on the date on which the threshold
was crossed:

A: shares and voting rights

+------------+-----------+-----------------+-----------+-----------------+
|Class / type|Number of                    |% of shares                  |
|of shares   |shares and                   |and voting                   |
|            |voting                       |rights                       |
|            |rights                       |                             |
+------------+-----------+-----------------+-----------+-----------------+
|            |Direct (SMA|Indirect (SMA 9:6|Direct (SMA|Indirect (SMA 9:6|
|            |9:5)       |and 9:7)         |9:5)       |and 9:7)         |
+------------+-----------+-----------------+-----------+-----------------+
|FI0009013403|           |26,250,290       |           |4.95% sharesBelow|
|            |           |sharesBelow 5%   |           |5% voting rights |
|            |           |voting rights    |           |                 |
+------------+-----------+-----------------+-----------+-----------------+
|SUBTOTAL A  |26,250,290                   |4.95%                        |
|            |sharesBelow                  |sharesBelow                  |
|            |5% voting                    |5% voting                    |
|            |rights                       |rights                       |
+------------+-----------+-----------------+-----------+-----------------+

B: Financial instruments according to SMA 9:6a:

+-----------+----------+----------+-----------+------------------+-------------
-+
|Type of    |Expiration|Exercise /|Physical or|Number of shares  |% of shares
|
|financial  |date      |Conversion|cash       |and voting rights |and voting
|
|instrument |          |Period    |settlement |                  |rights
|
+-----------+----------+----------+-----------+------------------+-------------
-+
|Depositary |N/A       |N/A       |Physical   |68,540            |0.01% Below
5%|
|Receipt    |          |          |           |shares Below 5%   |voting
rights |
|           |          |          |           |voting rights     |
|
+-----------+----------+----------+-----------+------------------+-------------
-+
|Securities |N/A       |N/A       |Physical   |213,840           |0.04%Below 5%
|
|Lent       |          |          |           |sharesBelow 5%    |voting rights
|
|           |          |          |           |voting rights     |
|
+-----------+----------+----------+-----------+------------------+-------------
-+
|CFDs       |N/A       |N/A       |Cash       |97,190 sharesBelow|0.01%Below 5%
|
|           |          |          |           |5% voting rights  |voting rights
|
+-----------+----------+----------+-----------+------------------+-------------
-+
|SUBTOTAL B |          |          |           |379,570           |0.07%Below 5%
|
|           |          |          |           |sharesBelow 5%    |voting rights
|
|           |          |          |           |voting rights     |
|
+-----------+----------+----------+-----------+------------------+-------------
-+



For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, tel. +358 (0)204 75 4705

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 2018, KONE had annual sales of EUR 9.1 billion,
and at the end of the year over 57,000 employees. KONE class B shares are listed
on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com