KONE Oyj

Share Issue/Capital Change • May 4, 2012

Disclosure 299775

KONE Oyj - Company Announcement

Subscription of shares with KONE Corporation 2007 option rights and change in holding of treasury shares

KONE Corporation, stock exchange release, May 4, 2012 at 9.45 a.m. EET A total of 802,414 KONE class B shares have been subscribed for with 2007 option rights. The subscribed shares have been delivered to the subscribers on May 4, 2012. In accordance with KONE Corporation's Board of Directors' resolution, the subscriptions were made using treasury class B shares held by KONE Corporation. KONE 2007 option rights were listed on NASDAQ OMX Helsinki Ltd. as of April 1, 2010. The subscription period for the KONE 2007 option rights expired on April 30, 2012. The 888,000 KONE 2007 option rights held by KONE Capital Oy, a subsidiary of KONE Corporation, and otherwise unused 2,520 option rights have expired upon the expiry of the subscription period. After the subscription and delivery of the shares, KONE Corporation holds 4,142,439 of its own class B shares on May 4, 2012. About KONE KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2011, KONE had annual net sales of EUR 5.2 billion and on average 35,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland. www.kone.com 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 Anne Korkiakoski Executive Vice President Marketing and Communications [HUG#1608799]