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

KONE Corporation, stock exchange release, March 9, 2022 at 6.00p.m. EET

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

KONE Corporation has received an announcement from BlackRock, Inc. on March 9, 2022, 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 to below five (5) per cent of the share capital of KONE Corporation on March 8, 2022.

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	Below 5% shares Below 5% voting rights	Below 5% shares Below 5% voting rights	Below 5% shares Below 5% voting rights	529,395,860 shares 121,527,427 voting rights
Position of previous notification (if applicable)	4.92% shares Below 5% voting rights	0.08% shares Below 5% voting rights	5.00% 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	Below 5% shares Below 5% voting rights	Below 5% shares Below 5% voting rights
SUBTOTAL A	Below 5% shares Below 5% voting rights	Below 5% 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	Below 5% Shares Below 5% voting rights	Below 5% shares Below 5% voting rights
Securities Lent	N/A	N/A	Physical	Below 5% Shares Below 5% voting rights	Below 5% shares Below 5% voting rights
CFD	N/A	N/A	Cash	Below 5% Shares Below 5% voting rights	Below 5% shares Below 5% voting rights
SUBTOTAL B	Below 5% Shares Below 5% voting rights	Below 5% shares Below 5% voting rights

For further information, please contact:

Natalia Valtasaari, Head of Investor Relations, tel. [phone]

Sender:

KONE Corporation

Johannes Frände
General Counsel, 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 2021, KONE had annual sales of EUR 10.5 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