KONE Oyj - Major shareholder announcements

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

KONE Corporation, stock exchange release, July 11, 2017 at 7.00 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 July
11, 2017, in accordance with the Finnish Securities Market Act Chapter 9,
Section 5.

According to the announcement, the total number of KONE Corporation shares
excluding financial instruments according to SMA 9:6a owned by BlackRock, Inc.
and its funds increased above five (5) per cent of the share capital of KONE
Corporation on July 10, 2017. 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 share capital of KONE Corporation on
July 10, 2017.

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         |5.11% of    |                |5.71% of   |526,793,033      |
|situation on the  |shares      |0.60% of shares |shares     |shares           |
|date on which the |            |                |           |                 |
|threshold was     |Below 5% of |Below 5% of     |Below 5% of|121,267,144      |
|crossed or reached|voting      |voting rights   |voting     |voting rights    |
|                  |rights      |                |rights     |                 |
+------------------+------------+----------------+-----------+-----------------+
|                  |4.96% shares|                |5.61% of   |                 |
|Position of       |            |0.65% shares    |shares     |                 |
|previous          |Below 5% of |                |           |                 |
|notification (if  |voting      |Below 5% of     |Below 5% of|                 |
|applicable)       |rights      |voting 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)  |
+-------------------+------------+-----------------+------------+--------------+
|                   |            |26,925,140 shares|            |5.11% of      |
|                   |            |                 |            |shares        |
|FI0009013403       |            |Below 5% of      |            |              |
|                   |            |voting rights    |            |Below 5% of   |
|                   |            |                 |            |voting rights |
+-------------------+------------+-----------------+------------+--------------+
|                   |26,925,140 of shares          |5.11% of shares            |
|SUBTOTAL A         |                              |                           |
|                   |Below 5% of voting rights     |Below 5% of voting rights  |
+-------------------+------------------------------+---------------------------+


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

+-------------+-------------+-------------+-------------+-------------+--------+
|             |             |             |             |             |% of    |
|Type of      |Expiration   |Exercise /   |Physical or  |Number of    |shares  |
|financial    |date         |Conversion   |cash         |shares and   |and     |
|instrument   |             |Period       |settlement   |voting rights|voting  |
|             |             |             |             |             |rights  |
+-------------+-------------+-------------+-------------+-------------+--------+
|             |             |             |             |             |0.00% of|
|             |             |             |             |36,300 shares|shares  |
|Depositary   |             |             |             |             |        |
|Receipt      |N/A          |N/A          |Physical     |Below 5% of  |Below   |
|             |             |             |             |voting rights|5% of   |
|             |             |             |             |             |voting  |
|             |             |             |             |             |rights  |
+-------------+-------------+-------------+-------------+-------------+--------+
|             |             |             |             |             |0.59% of|
|             |             |             |             |3,130,760    |shares  |
|Securities   |             |             |             |shares       |        |
|Lent         |N/A          |N/A          |Physical     |             |Below   |
|             |             |             |             |Below 5% of  |5% of   |
|             |             |             |             |voting rights|voting  |
|             |             |             |             |             |rights  |
+-------------+-------------+-------------+-------------+-------------+--------+
|             |             |             |             |             |0.00% of|
|             |             |             |             |3,600 shares |shares  |
|             |             |             |             |             |        |
|CFD          |N/A          |N/A          |Cash         |Below 5% of  |Below   |
|             |             |             |             |voting rights|5% of   |
|             |             |             |             |             |voting  |
|             |             |             |             |             |rights  |
+-------------+-------------+-------------+-------------+-------------+--------+
|             |             |             |             |             |0.60% of|
|             |             |             |             |3,170,660    |shares  |
|             |             |             |             |shares       |        |
|SUBTOTAL B   |             |             |             |             |Below   |
|             |             |             |             |Below 5% of  |5% of   |
|             |             |             |             |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 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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