KONE Oyj — Major Shareholding Notification 2021

Jul 9, 2021

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 9, 2021 at 9.45 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 July 8,
2021, 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 excluding financial instruments according to
SMA 9:6a decreased to below five (5) per cent of the total number of shares of
KONE Corporation on July 7, 2021. 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 total number of shares of KONE
Corporation.

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

              % of    % of shares    % of    Total number of shares
              shares  and voting     total   and voting rights of
              and     rights                 issuer
              voting  through
              rights  financial
                      instruments

Resulting 4.98% 0.05% shares 5.04% 529,395,860 shares
situation on the shares shares
date on Below 5% 121,527,427 voting rights
which the Below voting rights Below
threshold was 5% 5%
crossed or voting voting
reached rights rights
Position of 5.01% 0.07% shares 5.09%
previous shares shares
notification (if Below 5%
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:

A: shares and voting rights

Class / type Number of % of
of shares shares and shares
voting and
rights voting
rights
Direct Indirect (SMA Direct Indirect (SMA 9:6 and 9:7)
(SMA 9:5) 9:6 and 9:7) (SMA
9:5)
FI0009013403 26,402,350 4.98% shares
shares
Below 5% voting rights
Below 5%
voting rights
SUBTOTAL A 26,402,350 4.98%
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
Depositary N/A N/A Physical 220,140 0.04% shares
Receipt shares
Below 5%
Below 5% voting rights
voting
rights
Securities N/A N/A Physical 68,850 0.01% shares
Lent shares
Below 5%
Below 5% voting rights
voting
rights
SUBTOTAL B 288,990 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 (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 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