KONE Oyj

Share Issue/Capital Change • Oct 27, 2016

Disclosure 346332

KONE Oyj - Changes in company's own shares

Change in KONE Corporation's holding of treasury shares

KONE Corporation, stock exchange release, October 27, 2016 at 3.30 p.m. EEST Change in KONE Corporation's holding of treasury shares A total of 5,554 KONE class B shares have been returned free of consideration to KONE Corporation by virtue of the terms of KONE Corporation's share-based incentive program for the years 2013-2015. The shares were returned on October 27, 2016. After the transaction, KONE Corporation holds 12,873,265 of its own class B shares. 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 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 []