KONE Oyj — Major Shareholding Notification 2016

Oct 20, 2016

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, October 20, 2016 at 5.00 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 October
20, 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 increased above five (5) per cent of the share
capital of KONE Corporation on October 19, 2016. The share of voting rights was
still below five (5) percent on October 19, 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 |4.01% shares| |5.01% | |
|situation on the |  |0.99% shares |shares |525,885,053 |
|date on which the |Below 5% |  |  |shares |
|threshold was |voting |Below 5% voting |Below 5% |121,176,346 |
|crossed or reached|rights |rights |voting |voting rights |
| | | |rights | |
+------------------+------------+----------------+-----------+-----------------+
|Position of |Below 5% | |Below 5% |  |
|previous |shares |Below 5% shares |shares | |
|notification (if |Below 5% |Below 5% voting |Below 5% | |
|applicable) |voting |rights  |voting | |
| |rights | |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) |
+------------------+-------------+-----------------+------------+--------------+
| | |21,125,640 shares| |4.01% shares |
|FI009013403 |  |Below 5% voting |  |Below 5% |
| | |rights | |voting rights |
+------------------+-------------+-----------------+------------+--------------+
|SUBTOTAL A |21,125,640 shares |4.01% |
| |Below 5% voting rights |Below 5% 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% |
| | | | |19,870 shares|shares |
|Depositary |N/A |N/A |Physical |Below 5% |Below |
|receipt | | | |voting rights|5% |
| | | | | |voting |
| | | | | |rights |
+-------------+-------------+-------------+-------------+-------------+--------+
| | | | | |0.79% |
| | | | |4,164,400 |shares |
|Securities |N/A |N/A |Physical |shares |Below |
|Lent | | | |Below 5% |5% |
| | | | |voting rights|voting |
| | | | | |rights |
+-------------+-------------+-------------+-------------+-------------+--------+
| | | | | |0.19% |
| | | | |1,047,200 |shares |
|CFD |N/A |N/A |Cash |shares |Below |
| | | | |Below 5% |5% |
| | | | |voting rights|voting |
| | | | | |rights |
+-------------+-------------+-------------+-------------+-------------+--------+
| | | | | |0.99% |
| | | | |5,231,470 |shares |
|SUBTOTAL B |  |  |  | shares |Below |
| | | | |Below 5% |5% |
| | | | |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 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

[]