KONE Oyj

Major Shareholding Notification • Jul 2, 2025

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

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

KONE Corporation, stock exchange release, July 2, 2025 at 05:30 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 2,
2025, in accordance with the Finnish Securities Market Act Chapter 9, Section
5.

The reason for the notification by BlackRock, Inc. is the Group restructure
following the acquisition of HPS Investment Partners (“HPS”).

According to the announcement, the total number of KONE Corporation shares owned
by BlackRock, Inc. and its funds amounts to 5.57% of the total number of shares
of KONE Corporation.

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

              % of     % of shares     Total    Total number of shares
              shares   and voting      of both  and voting rights of
              and      rights          in %     issuer
              voting   through         (7.A +
              rights   financial       7.B)
              (total   instruments
              of 7.A)  (total of 7.B)

Resulting 5.52% 0.05% shares 5.57% 529,395,860 shares
situation on the shares shares
date on Below 5% 121,527,427 voting rights
which threshold Below voting rights Below
was crossed or 5% 5%
reached voting voting
rights rights
Position of 5.02% 0.06% shares 5.08%
previous shares shares
notification Below 5%
(if applicable) Below voting rights Below
5% 5%
voting voting
rights rights

Notified details of the resulting situation on the date on which the threshold
was crossed: Group restructure following the acquisition of HPS Investment
Partners (“HPS”)

A: shares and voting rights

Class/type Number of % of
of shares and shares and
shares voting voting
ISIN code rights rights
Direct(SMA Indirect(SMA Direct(SMA Indirect(SMA 9:6 and 9:7)
9:5) 9:6 and 9:7) 9:5)
FI0009013403 29,224,110 5.52% shares
shares
Below 5% voting rights
Below 5%
voting
rights
SUBTOTAL A 29,224,110 5.52%
shares shares

          Below 5%                  Below 5%
          voting                    voting
          rights                    rights

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

Type of Expiration Exercise/ Physical Number % of shares
financial date Conversion or of and voting
instrument Period cash shares rights
settlement and
voting
rights
American N/A N/A Physical 294,530 0.05% shares
Depositary shares
Receipt Below 5%
(US50048H1014) Below 5% voting rights
voting
rights
Securities N/A N/A Physical 15,810 0.00% shares
Lent shares
Below 5%
Below 5% voting rights
voting
rights
CFD N/A N/A Cash 320 0.00% shares
shares
Below 5%
Below 5% voting rights
voting
rights
SUBTOTAL B 310,660 0.05% shares
shares
Below 5%
Below 5% voting rights
voting
rights

For further information, please contact:
Natalia Valtasaari, Vice President, Investor Relations, tel. +358 204 75 4705

Sender:
KONE Corporation

Ilkka Hara
CFO

About KONE
At KONE, our purpose is to shape the future of cities. As a global leader in the
elevator and escalator industry, we move two billion people every day, making
their journeys safe, convenient, and reliable with smart and sustainable People
Flow®. In 2024, KONE had annual sales of EUR 11 billion, and at the end of the
year over 60,000 employees in close to 70 countries. KONE class B shares are
listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com