KONE Corporation,stock exchange release, December 19, 2019 at 4.15 p.m.EET

Change in KONECorporation's holding of treasuryshares

A total of 3,488KONE class B shares have been returned free of consideration toKONE Corporation by virtue of the terms of KONE Corporation'sshare-based incentive program for the year2018.

The shares werereturned on December 19, 2019. After the transaction, KONECorporation holds 11,553,605 of its own class Bshares.

For furtherinformation, please contact:
JukkaAla-Mello, Secretary to the Board, tel. +358 (0)204 754226

Sender:
KONECorporation

JukkaAla-Mello
Secretary to the Board

Ilkka Hara
CFO

AboutKONE

At KONE, our missionis to improve the flow of urban life. As a global leader in theelevator 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. inFinland.

www.kone.com