KONE Oyj - Company Announcement

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

KONE Corporation, stock exchange release, January 28, 2014 at 1.45 p.m. EET

The Board of Directors' Nomination and Compensation Committee of KONE
Corporation will propose to the Annual General Meeting of KONE Corporation, to
be held February 24, 2014, that the number of board members is increased to be
nine, with an additional deputy member.

The Nomination and Compensation Committee will propose that Ravi Kant is elected
as a new Board member for KONE Corporation.

Antti Herlin (Chairman of the Board), Sirkka Hämäläinen-Lindfors (Vice
Chairman), Shinichiro Akiba, Matti Alahuhta, Anne Brunila, Jussi  Herlin, Juhani
Kaskeala, Sirpa Pietikäinen and Iiris Herlin (as a Deputy Member) would continue
on the Board.

Ravi Kant, B.Tech. (Hons.) (IIT, Kharagpur, India) and M.Sc. (Aston University,
Birmingham, UK), born 1944, is currently the Vice Chairman of the Board of
Directors of Tata Motors Ltd. He has previously served in different positions in
Tata Motors since 1999, and as Managing Director and CEO from 2005 to 2009 and
after that as the Vice Chairman. Prior to that, he was Director, Consumer
Electronics, Philips India; Director (Marketing), LML Ltd. and Vice President
(Marketing), Titan Watches Ltd. He is currently also Chairman of the Board of
Indian Institute of Management Rohtak, Tata Advance Materials Ltd and Tal
Manufacturing Solutions. He is also member of the boards of Tata Industries Ltd,
National Institute of Design (India), Enactus (USA) and WonderWork (USA).
Previously he has been chairman and director of several Tata companies in India
and abroad.
For further information, please contact:

Jukka Ala-Mello, Secretary to the Board, tel. +358 204 75 4226

Sender:

KONE Corporation
Jukka Ala-Mello
Secretary to the Board

Anne Korkiakoski
Executive Vice President
Marketing and Communications

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 2013, KONE had annual
net sales of EUR 6.9 billion, and at the end of the year over 43,000 employees.
KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com




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