KONE Oyj - Major shareholder announcements

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

KONE Corporation, stock exchange release, October 31, 2016 at 11.30 a.m. EET

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

KONE Corporation has received an announcement from BlackRock, Inc. on October
28, 2016, in accordance with the Finnish Securities Market Act Chapter 9,
Section 10.

According to the announcement, the total number of KONE Corporation shares owned
by BlackRock, Inc. and its funds decreased below five (5) per cent of the share
capital of KONE Corporation on October 27, 2016.

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

+------------------+------------+----------------+-----------+-----------------+
|                  |            |% of shares and |           |                 |
|                  |% of shares |voting rights   |           |Total number of  |
|                  |and voting  |through         |% of total |shares and voting|
|                  |rights      |financial       |           |rights of issuer |
|                  |            |instruments     |           |                 |
+------------------+------------+----------------+-----------+-----------------+
|Resulting         |Below 5%    |                |Below 5%   |                 |
|situation on the  |shares      |Below 5% shares |shares     |525,885,053      |
|date on which the |            |                |           |shares           |
|threshold was     |Below 5%    |Below 5% voting |Below 5%   |121,176,346      |
|crossed or reached|voting      |rights          |voting     |voting rights    |
|                  |rights      |                |rights     |                 |
+------------------+------------+----------------+-----------+-----------------+
|Position of       |4.01% shares|                |5.01%      |                 |
|previous          |Below 5%    |0.99% shares    |shares     |                 |
|notification (if  |voting      |Below 5% voting |Below 5%   |                 |
|applicable)       |rights      |rights          |voting     |                 |
|                  |            |                |rights     |                 |
+------------------+------------+----------------+-----------+-----------------+


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

A: shares and voting rights

+-------------------+-----------------------------+----------------------------+
|Class / type of    |Number of shares and voting  |% of shares and voting      |
|shares             |rights                       |rights                      |
+-------------------+-------------+---------------+-------------+--------------+
|                   |Direct (SMA  |Indirect (SMA  |Direct (SMA  |Indirect (SMA |
|                   |9:5)         |9:6 and 9:7)   |9:5)         |9:6 and 9:7)  |
+-------------------+-------------+---------------+-------------+--------------+
|                   |             |Below 5% shares|             |Below 5%      |
|FI0009013403       |             |Below 5% voting|             |shares        |
|                   |             |rights         |             |Below 5%      |
|                   |             |               |             |voting rights |
+-------------------+-------------+---------------+-------------+--------------+
|SUBTOTAL A         |Below 5% shares              |Below 5% shares             |
|                   |Below 5% voting rights       |Below 5% voting rights      |
+-------------------+-----------------------------+----------------------------+


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

+--------------+--------------+--------------+-------------+---------+---------+
|              |              |              |             |Number of|% of     |
|Type of       |Expiration    |Exercise /    |Physical or  |shares   |shares   |
|financial     |date          |Conversion    |cash         |and      |and      |
|instrument    |              |Period        |settlement   |voting   |voting   |
|              |              |              |             |rights   |rights   |
+--------------+--------------+--------------+-------------+---------+---------+
|              |              |              |             |Below 5% |Below 5% |
|Depositary    |              |              |             |shares   |shares   |
|Receipt       |N/A           |N/A           |Physical     |Below 5% |Below 5% |
|              |              |              |             |voting   |voting   |
|              |              |              |             |rights   |rights   |
+--------------+--------------+--------------+-------------+---------+---------+
|              |              |              |             |Below 5% |Below 5% |
|Securities    |              |              |             |shares   |shares   |
|Lent          |N/A           |N/A           |Physical     |Below 5% |Below 5% |
|              |              |              |             |voting   |voting   |
|              |              |              |             |rights   |rights   |
+--------------+--------------+--------------+-------------+---------+---------+
|              |              |              |             |Below 5% |Below 5% |
|              |              |              |             |shares   |shares   |
|CFD           |N/A           |N/A           |Cash         |Below 5% |Below 5% |
|              |              |              |             |voting   |voting   |
|              |              |              |             |rights   |rights   |
+--------------+--------------+--------------+-------------+---------+---------+
|              |              |              |             |Below 5% |Below 5% |
|              |              |              |             |shares   |shares   |
|SUBTOTAL B    |              |              |             |Below 5% |Below 5% |
|              |              |              |             |voting   |voting   |
|              |              |              |             |rights   |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  2015, KONE  had  annual  net sales of EUR 8.6
billion,  and at  the end  of the  year close  to 50,000 employees. KONE class B
shares are listed on the Nasdaq Helsinki Ltd. in Finland.


www.kone.com

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