KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10

KONE Corporation, stock exchange release, June 29, 2021 at 5.15 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 June 29, 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 increased to above five (5) per cent of the total number of shares of KONE Corporation on June 28, 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 shares and voting rights	% of shares and voting rights through financial instruments	% of total	Total number of shares and voting rights of issuer
Resulting situation on the date on which the threshold was crossed or reached	5.01% shares Below 5% voting rights	0.06% shares Below 5% voting rights	5.08% shares Below 5% voting rights	529,395,860 shares 121,527,427 voting rights
Position of previous notification (if applicable)	4.98% shares Below 5% voting rights	0.08% shares Below 5% voting rights	5.07% shares Below 5% voting rights

Notified details of the resulting situation on the date on which the threshold was crossed:

A: shares and voting rights

Class / type of shares	Number of shares and voting rights		% of shares and voting rights
	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI0009013403		26,575,220 shares Below 5% voting rights		5.01% shares Below 5% voting rights
SUBTOTAL A	26,575,220 shares Below 5% voting rights		5.01% shares Below 5% voting rights

B: Financial instruments according to SMA 9:6a:

Type of financial instrument	Expiration date	Exercise / Conversion Period	Physical or cash settlement	Number of shares and voting rights	% of shares and voting rights
Depositary Receipt	N/A	N/A	Physical	220,960 shares Below 5% voting rights	0.04% shares Below 5% voting rights
Securities Lent	N/A	N/A	Physical	140,200 shares Below 5% voting rights	0.02% shares Below 5% voting rights
CFDs	N/A	N/A	Cash	1,770 shares Below 5% voting rights	0.00% shares Below 5% voting rights
SUBTOTAL B				362,930 shares Below 5% voting rights	0.06% shares Below 5% voting rights

For further information, please contact:

Natalia Valtasaari, Vice President, Investor Relations, tel. [phone]

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

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