KONE Oyj - Changes board/management/auditors

Kazunori Matsubara steps down from KONE's Board of Directors

KONE Corporation, stock exchange release, July 22, 2015 at 08.30 a.m. EET

Kazunori Matsubara steps down from KONE's Board of Directors

Kazunori Matsubara, member of the Board of Directors of KONE Corporation since
23 February 2015, has tendered his resignation from the Board as of July
22, 2015.

Mr. Matsubara resigns from the Board following the sale on July 22, 2015 by
Toshiba Elevator and Building Systems Corporation (TELC) of their previously
held 4.6% stake in KONE Corporation's share capital. The sale of the KONE shares
by TELC and resignation by Mr Matsubara has no other effect on the strategic
alliance between KONE and TELC. KONE continues as a shareholder of TELC with a
19.9% stake in the company's share capital.

Following the resignation of Mr. Matsubara, the Board of Directors of KONE
Corporation consists of eight members. The term of the Board of Directors
extends until the end of the next Annual General Meeting of KONE Corporation.

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

Klaus Cawén
Executive Vice President
Legal affairs, M&A, Strategic alliances, Russia



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




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