Change in KONE Corporation's holding of treasury shares

Stock Exchange Release Published 08/07/2019

KONECorporation, stock exchange release, August 7, 2019 at 10.30 a.m.EEST

Change in KONE Corporation's holding of treasuryshares

A total of1,744 KONE class B shares have been returned free of considerationto KONE Corporation by virtue of the terms of KONE Corporation'sshare-based incentive program for the year 2018.

The shareswere returned on August 7, 2019. After the transaction, KONECorporation holds 11,550,117 of its own class B shares.

Forfurther information, please contact:
Jukka Ala-Mello, Secretary to the Board, tel. +358 (0)20475 4226

Sender:
KONE Corporation

JukkaAla-Mello
Secretary to the Board

IlkkaHara
CFO

AboutKONE

At KONE, ourmission is to improve the flow of urban life. As a global leader inthe elevator and escalator industry, KONE provides elevators,escalators and automatic building doors, as well as solutions formaintenance and modernization to add value to buildings throughouttheir life cycle. Through more effective People Flow®, we makepeople's journeys safe, convenient and reliable, in taller, smarterbuildings. In 2018, KONE had annual sales of EUR 9.1 billion, andat the end of the year over 57,000 employees. KONE class B sharesare listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com

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