KONE Oyj — Board/Management Information 2021

Mar 2, 2021

Decisions taken by KONE Corporation’s Board of Directors

Decisions taken by KONE Corporation’s Board of Directors

KONE Corporation, stock exchange release, March 2, 2021 at 4.15 p.m. EET
Decisions taken by KONE Corporation’s Board of Directors

At its meeting held after the General Meeting today, on March 2, 2021, the Board
of Directors elected from among its members Antti Herlin as its Chairman and
Jussi Herlin as Vice Chairman.

Ravi Kant was elected as Chairman and Matti Alahuhta and Jussi Herlin as members
of the Audit Committee. Ravi Kant and Matti Alahuhta are independent of both the
company and of significant shareholders.

Antti Herlin was elected as Chairman and Matti Alahuhta, Jussi Herlin and Juhani
Kaskeala as members of the Nomination and Compensation Committee. Matti Alahuhta
and Juhani Kaskeala are independent of both the company and of significant
shareholders.

For further information, please contact:
Jukka Ala-Mello, Secretary to the Board, tel. +358 (0)204 75 4226

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 2020, KONE had annual sales of EUR 9.9 billion,
and at the end of the year over 60,000 employees. KONE class B shares are listed
on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com