KONE Oyj - Other information disclosed according to the rules of the Exchange

KONE Corporation applies for listing of its 2015 stock options

KONE Corporation, stock exchange release, March 15, 2017 at 9.45 a.m. EET

KONE Corporation applies for listing of its 2015 stock options

KONE Corporation will apply for the listing of its 2015 stock options on the
Nasdaq Helsinki Ltd. so that the listing begins as of April 3, 2017.

The total number of the 2015 stock options is 1,500,000. Each option right
entitles its holder to subscribe for one (1) class B share. In total, the 2015
stock options entitle to subscribe for 1,500,000 class B shares of KONE
Corporation, at maximum. KONE Corporation's subsidiary, KONE Capital Oy, has
130,000 stock options in its possession. KONE Corporation's Board of Directors
has resolved, in accordance with the terms and conditions of the stock options,
that the stock option holders will be offered new class B shares in the company.

The current subscription price for 2015 stock options is EUR 32.05 per share.
The subscription price of the shares subscribed for by the stock options has
been reduced in accordance with the terms and conditions by the amount of
dividends declared before the share subscription at the record date for each
dividend distribution.

KONE Corporation's Board of Directors has noted that the criteria of the 2015
stock options plan have been met and resolved that the share subscription period
will begin on April 3, 2017 in accordance with the terms and conditions. The
stock options may be freely transferred as of that date. The subscription period
will end on April 30, 2019. The place of subscription will be Evli Bank Plc.

The reasons to grant the 2015 stock options and the original terms and
conditions have been published by a stock exchange release on December
18, 2014. The updated, full version of the terms and conditions of the 2015
stock options is available on the company's website at www.kone.com.

The share subscription timetable with the option rights 2015 in 2017 is as
follows:

+----------------------+---------------------------+----------------------+
|Last subscription date|Estimated registration date|Estimated listing date|
+----------------------+---------------------------+----------------------+
|April 20, 2017        |May 11, 2017               |May 12, 2017          |
+----------------------+---------------------------+----------------------+
|July 13, 2017         |August 1, 2017             |August 2, 2017        |
+----------------------+---------------------------+----------------------+
|October 19, 2017      |November 7, 2017           |November 8, 2017      |
+----------------------+---------------------------+----------------------+
|December 14, 2017     |December 29, 2017          |January 2, 2018       |
+----------------------+---------------------------+----------------------+


The Board will not handle share subscriptions between the end of the financial
year 2017 and the subsequent Annual General Meeting.


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

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 2016, KONE had annual net sales of EUR 8.8 billion
and at the end of the year over 52,000 employees. KONE class B shares are listed
on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com




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