KONE Oyj — Major Shareholding Notification 2017

May 8, 2017

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, May 8, 2017 at 11.00 a.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 May
5, 2017, in accordance with the Finnish Securities Market Act Chapter 9, Section
5.

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 May 4, 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 |Below 5% of |Below 5% of |Below 5% of|526,168,882 |
|situation on the |shares |shares |shares |shares |
|date on which the |Below 5% of |Below 5% of |Below 5% of|121,204,729 |
|threshold was |voting |voting rights |voting |voting rights |
|crossed or reached|rights | |rights | |
+------------------+------------+----------------+-----------+-----------------+
|Position of |4.58% of | |5.00% of |  |
|previous |shares |0.42% of shares |shares | |
|notification (if |Below 5% of |Below 5% of |Below 5% of| |
|applicable) |voting |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) |
+-------------------+-------------+---------------+-------------+--------------+
| | |Below 5% of | |Below 5% of |
|FI0009013403 |  |shares |  |shares |
| | |Below 5% of | |Below 5% of |
| | |voting rights | |voting rights |
+-------------------+-------------+---------------+-------------+--------------+
|SUBTOTAL A |Below 5% of shares |Below 5% of shares |
| |Below 5% of voting rights |Below 5% of 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 | | | |of shares|of shares|
|Receipt |N/A |N/A |Physical |Below 5% |Below 5% |
| | | | |of voting|of voting|
| | | | |rights |rights |
+--------------+--------------+--------------+-------------+---------+---------+
| | | | |Below 5% |Below 5% |
| | | | |of shares|of shares|
|Securities |N/A |N/A |Physical |Below 5% |Below 5% |
|Lent | | | |of voting|of voting|
| | | | |rights |rights |
| | | | |rights |rights |
+--------------+--------------+--------------+-------------+---------+---------+
| | | | |Below 5% |Below 5% |
| | | | |of shares|of shares|
|CFD |N/A |N/A |Cash |Below 5% |Below 5% |
| | | | |of voting|of voting|
| | | | |rights |rights |
+--------------+--------------+--------------+-------------+---------+---------+
| | | | |Below 5% |Below 5% |
| | | | |of shares|of shares|
|SUBTOTAL B |  |  |  |Below 5% |Below 5% |
| | | | |of voting|of 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 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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