Kone : Change in KONE Corporation’s holding of treasury shares

Change in KONE Corporation's holding of treasury shares

KONE Corporation, stock exchange release, January 29, 2020 at 11.45 a.m. EET
Change in KONE Corporation's holding of treasury shares

KONE Corporation has assigned a total of 217,499 KONE class B shares to the key
382 employees of the KONE share-based incentive program as a reward payment for
the 2017 earnings period.

The handover date for the shares was January 29, 2020. After the transfer, KONE
Corporation holds 11,336,106 of its own class B shares.

For further information, please contact:
Jukka Ala-Mello, Secretary to the Board, 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 2019, KONE had annual sales of EUR 10 billion, and
at the end of the year approximately 60,000 employees. KONE class B shares are
listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com