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

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

KONE Corporation, stock exchange release, January 27, 2020 at 5.30 p.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 January
27, 2020, 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 January 24, 2020.

Total position of BlackRock, Inc. and its funds subject to the notification:

                  % of    % of shares   % of    Total number
                  shares  and voting    total   of shares
                  and     rights                and voting
                  voting  through               rights of
                  rights  financial             issuer
                          instruments
Resulting         4.87%   0.10% shares  4.98%   529,395,860
situation on the  shares  Below 5%      shares  shares
date on           Below   voting        Below   121,527,427
which the         5%      rights        5%      voting
threshold was     voting                voting  rights
crossed or        rights                rights
reached
Position of       4.89%   0.12% shares  5.01%
previous          shares  Below 5%      shares
notification (if  Below   voting        Below
applicable)       5%      rights        5%
                  voting                voting
                  rights                rights

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

A: shares and voting rights

Class / type  Number of                     % of
of shares     shares and                    shares
              voting                        and
              rights                        voting
                                            rights
              Direct     Indirect (SMA 9:6  Direct  Indirect (SMA 9:6
              (SMA 9:5)  and 9:7)           (SMA    and 9:7)
                                            9:5)
FI0009013403             25,805,710 shares          4.87% shares
                         Below 5% voting            Below 5% voting
                         rights                     rights
SUBTOTAL A    25,805,710                    4.87%
              shares                        shares
              Below 5%                      Below 5%
              voting                        voting
              rights                        rights

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

Type of     Expiration  Exercise /  Physical    Number    % of shares and
financial   date        Conversion  or          of        voting rights
instrument              Period      cash        shares
                                    settlement  and
                                                voting
                                                rights
Depositary  N/A         N/A         Physical    36,480    0.00% shares
Receipt                                         Shares    Below 5% voting
                                                Below 5%  rights
                                                voting
                                                rights
Securities  N/A         N/A         Physical    35,270    0.00% shares
Lent                                            Shares    Below 5% voting
                                                Below 5%  rights
                                                voting
                                                rights
CFDs        N/A         N/A         Cash        496,070   0.09% shares
                                                Shares    Below 5% voting
                                                Below 5%  rights
                                                voting
                                                rights
SUBTOTAL B                                      567,820   0.10% shares
                                                Shares    Below 5% voting
                                                Below 5%  rights
                                                voting
                                                rights

For further information, please contact:
Sanna Kaje, 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 2018, KONE had annual sales of EUR 9.1 billion,
and at the end of the year over 57,000 employees. KONE class B shares are listed
on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com