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ANNUAL GENERAL MEETINGS 2012

Annual general meeting 2012

The annual general meeting of KONE was held Monday March 5, 2012.

  • Notice is given to the shareholders of KONE Corporation to the Annual General Meeting to be held on Monday 5 March 2012 at 11.00 a.m. at Finlandia Hall, Mannerheimintie 13, Helsinki. The reception of persons who have registered for the meeting will commence at 10.00 a.m.

    A. Matters on the agenda of the General Meeting

    At the General Meeting, the following matters will be considered:

    1. Opening of the meeting

    2. Calling the meeting to order

    3. Election of person to scrutinize the minutes and persons to supervise the counting of votes

    4. Recording the legality of the meeting

    5. Recording the attendance at the meeting and adoption of the list of votes

    6. Presentation of the annual accounts, the report of the Board of Directors and the auditor’s report for the year 2011

    Review by the CEO & President

    7. Adoption of the annual accounts

    8. Resolution on the use of the profit shown on the balance sheet and the payment of dividend

    The Board of Directors proposes that for the financial year 2011 a dividend of EUR 1.395 be paid for each class A share and a dividend of EUR 1.40 be paid for each class B share. The date of record for dividend distribution is proposed to be March 8, 2012 and the dividend be paid March 15, 2012.

    9. Resolution on the discharge of the members and deputy member of the Board of Directors and the CEO & President from liability

    10. Resolution on the remuneration of the members of the Board of Directors

    The Nomination and Compensation Committee of the Board of Directors proposes that the board members’ compensation would be kept unchanged: Chair of the Board of Directors EUR 54,000, Vice Chair EUR 44,000 and board members EUR 33,000 per year, as well as an EUR 500 fee per meeting for each member for Board and Committee meetings.

    11. Resolution on the number of members of the Board of Directors

    The Nomination and Compensation Committee of the Board of Directors proposes that nine (9) board members be elected and that no deputy members be elected.

    12. Election of members of the Board of Directors

    The Nomination and Compensation Committee of the Board of Directors proposes that Matti Alahuhta, Anne Brunila, Reino Hanhinen, Antti Herlin, Sirkka Hämäläinen-Lindfors, Juhani Kaskeala and Sirpa Pietikäinen be re-elected to the Board and that Shinichiro Akiba and Jussi Herlin be elected as new Board members to the Board.

    13. Resolution on the remuneration of the auditors

    The Audit Committee of the Board of Directors proposes that the Auditors be reimbursed according to their invoice.

    14. Resolution on the number of the auditors

    The Audit Committee of the Board of Directors proposes that two (2) Auditors be elected.

    15. Election of auditor

    The Audit Committee of the Board of Directors proposes that authorized public accountants PricewaterhouseCoopers Oy and Heikki Lassila be elected as Auditors.

    16. Authorizing the Board of Directors to decide on the repurchase of the Company’s own shares

    The Board of Directors proposes that the General Meeting authorize the Board of Directors to decide on the repurchase of no more than 25,570,000 treasury shares with assets from the company’s unrestricted equity so that a maximum of 3,810,000 class A shares and a maximum of 21,760,000 class B shares may be repurchased. The consideration to be paid for the repurchased shares with respect to both class A and class B shares will be determined based on the trading price determined for class B shares on the NASDAQ OMX Helsinki on the date of repurchase.

    Class A shares will be repurchased in proportion to holdings of class A shareholders at a price equivalent to the average price paid for the company’s class B shares on the NASDAQ OMX Helsinki on the date of repurchase. Any holder wishing to offer his or her class A shares for repurchase by the company must state his or her intention to the company’s Board of Directors in writing. The company may deviate from the obligation to repurchase shares in proportion to the shareholders' holdings if all the holders of class A shares give their consent. Class B shares will be purchased in public trading on the NASDAQ OMX Helsinki at the market price as per the time of purchase.

    The Board of Directors proposes that the authorization remain in effect for a period of one year following the date of decision of the General Meeting.

    17. Amending the Articles of Association

    The Board of Directors proposes that paragraphs 4 and 8 of the Articles of Association will be amended as follows:

    § 4 Board of Directors
    The Board of Directors of the company shall include a minimum of five (5) and a maximum of ten (10) regular members, as well as a maximum of three (3) deputy members. The Board of Directors shall elect the Chair of the Board and the Deputy Chair from amongst its members. The term of office of the Board of Directors shall expire at the end of the first Annual General Meeting of Shareholders following the election. The Board of Directors is deemed to constitute a quorum when more than a half of its members are present.

    § 8 Summons to a General Meeting
    The summons to a General Meeting of Shareholders must be published on the website of the company no earlier than three (3) months and no later than three (3) weeks prior to the General Meeting of Shareholders, but in any case at the latest nine (9) days prior to the record date of the General Meeting of Shareholders. The Board of Directors may decide to publish the summon or the notice of the General Meeting during the same time limit in one or several newspapers.

    18. Closing of the meeting

    B. Documents of the General Meeting

    The draft resolutions of the Board of Directors and its committees relating to the agenda of the General Meeting, this notice and Company’s annual accounts, the report of the Board of Directors and the Auditor’s report are on view on KONE Corporation’s website at www.kone.com/corporate/en/Investors/AGM. The draft resolutions of the Board of Directors and its committees and the annual accounts are also on view at the General Meeting. Copies of these documents and of this notice will be sent to shareholders upon request.

    C. Instructions for the participants in the General Meeting

    1. The right to participate and registration

    Each shareholder, who is registered on the record date of the General Meeting 22 February 2012 in the shareholders’ register of the Company held by Euroclear Finland Ltd, has the right to participate in the General Meeting. A shareholder, whose shares are registered on his/her personal Finnish book-entry account, is registered in the shareholders’ register of the Company. A shareholder, who wants to participate in the General Meeting, shall register to the company for the meeting no later than on February 29 2012 at 4.00 p.m. by giving a prior notice of participation. Such notice can be given:
    * on the Company’s website: www.kone.com/corporate/en/Investors/AGM
    * by regular mail to: KONE Corporation, Share Register, P.O. Box 7, FI-02151 Espoo, Finland
    * by telefax: +358 20 475 4523
    * by telephone + 358 20 475 4336

    In connection with the registration, a shareholder shall notify his/her name, personal/business identification number, address, telephone number and the name of a possible assistant or proxy representative and the personal identification number of a proxy representative. The personal information is used only in connection with the general meeting and with the processing of related registrations. Pursuant to chapter 5, section 25 of the Finnish Companies Act, a shareholder who is present at the General Meeting has the right to request information with respect to the matters to be considered at the General Meeting.

    2. Proxy representative and powers of attorney

    A shareholder may participate in the General Meeting and exercise his/her rights at the meeting by way of proxy representation. A proxy representative shall produce a dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the General Meeting. When a shareholder participates in the general meeting by means of several proxy representatives representing the shareholder with shares at different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the general meeting. Possible proxy documents should be delivered in originals to KONE Corporation, Share Register, P.O. Box 7, FI-02151 Espoo, Finland before the last date for registration.

    3. Holders of nominee registered shares

    A holder of nominee registered shares is advised to request without delay necessary instructions regarding the registration in the shareholder’s register of the company, the issuing of proxy documents and registration for the general meeting from his/her custodian bank. The account management organization of the custodian bank will register a holder of nominee registered shares, who wants to participate in the general meeting, to be temporarily entered into the shareholders’ register of the company at the latest on February 29 2012 at 10.00 a.m.

    4. Other instructions and information

    On the date of this notice 26 January 2012, the total number of shares in KONE Corporation is 260,536,120 shares constituted of 38,104,356 class A shares and 222,431,764 class B shares. Based on articles of association each class A share entitles its holder to one vote and each full ten class B shares entitle their holder to one vote, but each shareholder has a minimum of one vote.

    The participants of the General Meeting are kindly invited to the coffee reception after the meeting.

    In Helsinki 26 January 2012

    KONE Corporation
    The Board of Directors

  • Matters on the agenda of the General Meeting

    At the General Meeting, the following matters will be considered:

    1. Opening of the meeting

    2. Calling the meeting to order

    3. Election of person to scrutinize the minutes and persons to supervise the counting of votes

    4. Recording the legality of the meeting

    5. Recording the attendance at the meeting and adoption of the list of votes

    6. Presentation of the annual accounts, the report of the Board of Directors and the auditor’s report for the year 2011

    Review by the CEO & President

    7. Adoption of the annual accounts

    8. Resolution on the use of the profit shown on the balance sheet and the payment of dividend

    The Board of Directors proposes that for the financial year 2011 a dividend of EUR 1.395 be paid for each class A share and a dividend of EUR 1.40 be paid for each class B share. The date of record for dividend distribution is proposed to be March 8, 2012 and the dividend be paid March 15, 2012.

    9. Resolution on the discharge of the members and deputy member of the Board of Directors and the CEO & President from liability

    10. Resolution on the remuneration of the members of the Board of Directors

    The Nomination and Compensation Committee of the Board of Directors proposes that the board members’ compensation would be kept unchanged: Chair of the Board of Directors EUR 54,000, Vice Chair EUR 44,000 and board members EUR 33,000 per year, as well as an EUR 500 fee per meeting for each member for Board and Committee meetings.

    11. Resolution on the number of members of the Board of Directors

    The Nomination and Compensation Committee of the Board of Directors proposes that nine (9) board members be elected and that no deputy members be elected.

    12. Election of members of the Board of Directors

    The Nomination and Compensation Committee of the Board of Directors proposes that Matti Alahuhta, Anne Brunila, Reino Hanhinen, Antti Herlin, Sirkka Hämäläinen-Lindfors, Juhani Kaskeala and Sirpa Pietikäinen be re-elected to the Board and that Shinichiro Akiba and Jussi Herlin be elected as new Board members to the Board.

    13. Resolution on the remuneration of the auditors

    The Audit Committee of the Board of Directors proposes that the Auditors be reimbursed according to their invoice.

    14. Resolution on the number of the auditors

    The Audit Committee of the Board of Directors proposes that two (2) Auditors be elected.

    15. Election of auditor

    The Audit Committee of the Board of Directors proposes that authorized public accountants PricewaterhouseCoopers Oy and Heikki Lassila be elected as Auditors.

    16. Authorizing the Board of Directors to decide on the repurchase of the Company’s own shares

    The Board of Directors proposes that the General Meeting authorize the Board of Directors to decide on the repurchase of no more than 25,570,000 treasury shares with assets from the company’s unrestricted equity so that a maximum of 3,810,000 class A shares and a maximum of 21,760,000 class B shares may be repurchased. The consideration to be paid for the repurchased shares with respect to both class A and class B shares will be determined based on the trading price determined for class B shares on the NASDAQ OMX Helsinki on the date of repurchase.

    Class A shares will be repurchased in proportion to holdings of class A shareholders at a price equivalent to the average price paid for the company’s class B shares on the NASDAQ OMX Helsinki on the date of repurchase. Any holder wishing to offer his or her class A shares for repurchase by the company must state his or her intention to the company’s Board of Directors in writing. The company may deviate from the obligation to repurchase shares in proportion to the shareholders' holdings if all the holders of class A shares give their consent. Class B shares will be purchased in public trading on the NASDAQ OMX Helsinki at the market price as per the time of purchase.

    The Board of Directors proposes that the authorization remain in effect for a period of one year following the date of decision of the General Meeting.

    17. Amending the Articles of Association

    The Board of Directors proposes that paragraphs 4 and 8 of the Articles of Association will be amended as follows:

    § 4 Board of Directors
    The Board of Directors of the company shall include a minimum of five (5) and a maximum of ten (10) regular members, as well as a maximum of three (3) deputy members. The Board of Directors shall elect the Chair of the Board and the Deputy Chair from amongst its members. The term of office of the Board of Directors shall expire at the end of the first Annual General Meeting of Shareholders following the election. The Board of Directors is deemed to constitute a quorum when more than a half of its members are present.

    § 8 Summons to a General Meeting
    The summons to a General Meeting of Shareholders must be published on the website of the company no earlier than three (3) months and no later than three (3) weeks prior to the General Meeting of Shareholders, but in any case at the latest nine (9) days prior to the record date of the General Meeting of Shareholders. The Board of Directors may decide to publish the summon or the notice of the General Meeting during the same time limit in one or several newspapers.

    18. Closing of the meeting

  • Proposals of the Board of Directors of KONE Corporation and its Committees to the General Meeting March 5, 2012.

    Board of Directors:

    Proposal on the use of the profit shown on the balance sheet and the payment of dividend

    The Board of Directors proposes that for the financial year 2011 a dividend of EUR 1.395 be paid for each class A share and a dividend of EUR 1.40 be paid for each class B share. The date of record for dividend distribution is proposed to be March 8, 2012 and the dividend be paid March 15, 2012.

    Proposal for authorizing the Board of Directors to decide on the repurchase of the Company’s own shares

    The Board of Directors proposes that the General Meeting authorize the Board of Directors to decide on the repurchase of no more than 25,570,000 treasury shares with assets from the company’s unrestricted equity so that a maximum of 3,810,000 class A shares and a maximum of 21,760,000 class B shares may be repurchased. The consideration to be paid for the repurchased shares with respect to both class A and class B shares will be determined based on the trading price determined for class B shares on the NASDAQ OMX Helsinki on the date of repurchase.

    Class A shares will be repurchased in proportion to holdings of class A shareholders at a price equivalent to the average price paid for the company’s class B shares on the NASDAQ OMX Helsinki on the date of repurchase. Any holder wishing to offer his or her class A shares for repurchase by the company must state his or her intention to the company’s Board of Directors in writing. The company may deviate from the obligation to repurchase shares in proportion to the shareholders' holdings if all the holders of class A shares give their consent. Class B shares will be purchased in public trading on the NASDAQ OMX Helsinki at the market price as per the time of purchase.

    The Board of Directors proposes that the authorization remain in effect for a period of one year following the date of decision of the General Meeting.

    Proposal for amending the Articles of Association

    The Board of Directors proposes that paragraphs 4 and 8 of the Articles of Association will be amended as follows:

    § 4 Board of Directors
    The Board of Directors of the company shall include a minimum of five (5) and a maximum of ten (10) regular members, as well as a maximum of three (3) deputy members. The Board of Directors shall elect the Chair of the Board and the Deputy Chair from amongst its members. The term of office of the Board of Directors shall expire at the end of the first Annual General Meeting of Shareholders following the election. The Board of Directors is deemed to constitute a quorum when more than a half of its members are present.

    § 8 Summons to a General Meeting
    The summons to a General Meeting of Shareholders must be published on the website of the company no earlier than three (3) months and no later than three (3) weeks prior to the General Meeting of Shareholders, but in any case at the latest nine (9) days prior to the record date of the General Meeting of Shareholders. The Board of Directors may decide to publish the summon or the notice of the General Meeting during the same time limit in one or several newspapers.

    Nomination and Compensation Committee:

    Proposal for the remuneration of the members and deputy members of the Board of Directors

    The Nomination and Compensation Committee of the Board of Directors proposes that the board members’ compensation would be kept unchanged: Chair of the Board of Directors EUR 54,000, Vice Chair EUR 44,000 and board members EUR 33,000 per year, as well as an EUR 500 fee per meeting for each member for Board and Committee meetings.

    Proposal for the number of members and deputy members of the Board of Directors

    The Nomination and Compensation Committee of the Board of Directors proposes that nine (9) board members be elected and that no deputy members be elected.

    Proposal for members of the Board of Directors

    The Nomination and Compensation Committee of the Board of Directors proposes that Matti Alahuhta, Anne Brunila, Reino Hanhinen, Antti Herlin, Sirkka Hämäläinen-Lindfors, Juhani Kaskeala and Sirpa Pietikäinen be re-elected to the Board and that Shinichiro Akiba and Jussi Herlin be elected as new Board members to the Board.

    From the current Board members, Shunichi Kimura would resign from the Board. KONE extends its gratitude to Mr. Kimura for his significant contribution as Member of the Board of KONE Corporation.

    Shinichiro Akiba, born 1956, has served as President and CEO of Toshiba Elevator and Building Systems Corporation, alliance partner of KONE, since June 2011. He has previously served in different positions in the Toshiba Group since 1979.

    Jussi Herlin, born 1984, has served as Deputy Member of the Board of KONE Corporation since 2007 and as Member of the Board of Security Trading Oy since 2006.

    Audit Committee:

    Proposal for the remuneration of the auditors

    The Audit Committee of the Board of Directors proposes that the Auditors be reimbursed according to their invoice.

    Proposal for the number of the auditors

    The Audit Committee of the Board of Directors proposes that two (2) Auditors be elected.

    Proposal for election of auditor

    The Audit Committee of the Board of Directors proposes that authorized public accountants PricewaterhouseCoopers Oy and Heikki Lassila be elected as Auditors.

  • Minutes of KONE AGM 2012

    This document is an unofficial translation from the Finnish original. In the event of any discrepancies between the Finnish and English versions, the Finnish version shall prevail.

    Matters relating to the Annual General Meeting

    KONE Corporation’s Annual General Meeting was held in Helsinki on March 5, 2012. The meeting approved the financial statements and discharged the responsible parties from liability for the financial period January 1–December 31, 2011.

    The General Meeting approved dividends of EUR 1.395 for each of the 38,104,356 class A shares and EUR 1.40 for the 216,635,414 outstanding class B shares. The date of record for dividend distribution is March 8, 2012, and dividends will be payable on March 15, 2012.

    The number of Members of the Board of Directors was confirmed as nine. Re-elected as Members of the Board were Matti Alahuhta, Anne Brunila, Reino Hanhinen, Antti Herlin, Sirkka Hämäläinen-Lindfors, Juhani Kaskeala and Sirpa Pietikäinen and as new Members of the Board were elected Shinichiro Akiba and Jussi Herlin.

    The General Meeting confirmed an annual compensation of EUR 54,000 for the Chairman of the Board, EUR 44,000 for the Vice Chairman and EUR 33,000 for Board Members. In addition, a compensation of EUR 500 was approved for attendance at Board and Committee meetings.

    Authorized public accountants PricewaterhouseCoopers Oy and Heikki Lassila were nominated as auditors.

    Authorization to repurchase own shares

    The General Meeting approved the authorization for the Board of Directors to repurchase KONE’s own shares. Altogether no more than 25,570,000 shares may be repurchased, of which no more than 3,810,000 may be class A shares and 21,760,000 class B shares. The authorization shall remain in effect for a period of one year from the date of decision of the General Meeting.

    Amending the Articles of Association

    The General Meeting approved to amend paragraphs 4 and 8 of the Articles of Association as follows:

    § 4 Board of Directors
    The Board of Directors of the company shall include a minimum of five (5) and a maximum of ten (10) regular members, as well as a maximum of three (3) deputy members. The Board of Directors shall elect the Chair of the Board and the Deputy Chair from amongst its members. The term of office of the Board of Directors shall expire at the end of the first Annual General Meeting of Shareholders following the election. The Board of Directors is deemed to constitute a quorum when more than a half of its members are present.

    § 8 Summons to a General Meeting
    The summons to a General Meeting of Shareholders must be published on the website of the company no earlier than three (3) months and no later than three (3) weeks prior to the General Meeting of Shareholders, but in any case at the latest nine (9) days prior to the record date of the General Meeting of Shareholders. The Board of Directors may decide to publish the summon or the notice of the General Meeting during the same time limit in one or several newspapers.

    Decisions by the Board of Directors

    At its meeting held after the General Meeting, the Board of Directors elected from among its members Antti Herlin as its Chair and Sirkka Hämäläinen-Lindfors as Vice Chair.

    Antti Herlin was elected as Chairman and Sirkka Hämäläinen-Lindfors, Anne Brunila and Jussi Herlin as members of the Audit Committee. Sirkka Hämäläinen-Lindfors and Anne Brunila are independent of both the company and of significant shareholders.

    Antti Herlin was elected as Chairman and Reino Hanhinen, Juhani Kaskeala and Jussi Herlin as members of the Nomination and Compensation Committee. Reino Hanhinen and Juhani Kaskeala are independent of both the company and of significant shareholders.

Extraordinary general meeting 2012

The Extraordinary general meeting of KONE was held on Wednesday 24 October, 2012.

  • Notice is given to the shareholders of KONE Corporation to the Extraordinary General Meeting to be held on Wednesday 24 October 2012 at 2.00 p.m. at Hilton Helsinki Kalastajatorppa, Kalastajatorpantie 1, Helsinki. The reception of persons who have registered for the meeting will commence at 1.00 p.m.

    A. Matters on the agenda of the Extraordinary General Meeting

    At the Extraordinary General Meeting, the following matters will be considered:

    1. Opening of the meeting

    2. Calling the meeting to order

    3. Election of person to scrutinize the minutes and persons to supervise the counting of votes

    4. Recording the legality of the meeting

    5. Recording the attendance at the meeting and adoption of the list of votes

    6. Resolution on the payment of extra dividend

    The Board of Directors proposes that for the financial year 2011 an extra dividend of EUR 1.495 be paid for each class A share and an extra dividend of EUR 1.50 be paid for each class B share. The date of record for dividend distribution is proposed to be October 29, 2012 and the dividend be paid November 5, 2012.

    7. Closing of the meeting

    B. Documents of the Extraordinary General Meeting

    The draft resolution of the Board of Directors relating to the agenda of the General Meeting, this notice, the financial statements 2011 of KONE Corporation including the report of the Board of Directors and the Auditor’s report and other documents, which according to the Finnish Companies Act shall be kept available for the shareholders, are on view on KONE Corporation’s website at www.kone.com/corporate/en/Investors/AGM. The draft resolution of the Board of Directors and other above-mentioned documents are also on view at the General Meeting and copies of these documents and this Notice to the General Meeting will be sent to shareholders upon request. The minutes of the Extraordinary General Meeting are available on the above-mentioned website latest from November 7, 2012.

    C. Instructions for the participants in the General Meeting

    1. The right to participate and registration

    Each shareholder, who is registered on the record date of the General Meeting 12 October 2012 in the shareholders’ register of the Company held by Euroclear Finland Ltd, has the right to participate in the General Meeting. A shareholder, whose shares are registered on his/her personal Finnish book-entry account, is registered in the shareholders’ register of the Company.

    A shareholder, who wants to participate in the General Meeting, shall register to the company for the meeting no later than on October 19 2012 at 3.00 p.m. by giving a prior notice of participation. Such notice can be given:
    * on the Company’s website: www.kone.com/corporate/en/Investors/AGM
    * by regular mail to: KONE Corporation, Share Register, P.O. Box 7, FI-02151 Espoo, Finland
    * by telefax: +358 20 475 4523
    * by telephone + 358 20 475 4336

    In connection with the registration, a shareholder shall notify his/her name, personal/business identification number, address, telephone number and the name of a possible assistant or proxy representative and the personal identification number of a proxy representative. The personal information is used only in connection with the general meeting and with the processing of related registrations.

    2. Proxy representative and powers of attorney

    A shareholder may participate in the General Meeting and exercise his/her rights at the meeting by way of proxy representation. A proxy representative shall produce a dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the General Meeting. When a shareholder participates in the general meeting by means of several proxy representatives representing the shareholder with shares at different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the general meeting. Possible proxy documents should be delivered in originals to KONE Corporation, Share Register, P.O. Box 7, FI-02151 Espoo, Finland before the last date for registration.

    3. Holders of nominee registered shares

    A holder of nominee registered shares has the right to participate in the General Meeting by virtue of such shares, based on which he/she on the record date of the General Meeting, i.e. October 12, 2012, would be entitled to be registered in the shareholders’ register held by Euroclear Finland Ltd. The right to participate in the General Meeting requires, in addition, that the shareholder on the basis of such shares has been temporary registered into the shareholders’ register held by Euroclear Finland Ltd at the latest by October 19, 2012 by 10.00 am. As regards nominee registered shares this constitutes due registration for the General Meeting.

    A holder of nominee registered shares is advised to request without delay necessary instructions regarding the registration to be temporarily entered into the shareholder’s register of the company, the issuing of proxy documents and registration for the General Meeting from his/her custodian bank. The account management organization of the custodian bank has to temporarily register a holder of nominee registered shares, who wants to participate in the General Meeting, into the shareholders’ register of the company at the latest by the time stated above.

    4. Other instructions and information

    Pursuant to chapter 5, section 25 of the Finnish Companies Act, a shareholder who is present at the General Meeting has the right to request information with respect to the matters to be considered at the General Meeting.

    On the date of this notice 28 September 2012, the total number of shares in KONE Corporation is 260,536,120 shares constituted of 38,104,356 class A shares and 222,431,764 class B shares. Based on articles of association each class A share entitles its holder to one vote and each full ten class B shares entitle their holder to one vote, but each shareholder has a minimum of one vote.

    In Helsinki 28 September 2012

    KONE Corporation
    The Board of Directors

    Notice to the EGM Agenda of the EGM
    Board proposal to the EGM
    Statement of the Board
    KONE's Financial Statements 2011
    KONE's Interim Report for January-March 2012
    KONE's Interim Report for January-June 2012
    KONE's Interim Report for January-September 2012

  • Matters on the agenda of the Extraordinary General Meeting

    At the Extraordinary General Meeting, the following matters will be considered:

    1. Opening of the meeting

    2. Calling the meeting to order

    3. Election of person to scrutinize the minutes and persons to supervise the counting of votes

    4. Recording the legality of the meeting

    5. Recording the attendance at the meeting and adoption of the list of votes

    6. Resolution on the payment of extra dividend

    The Board of Directors proposes that for the financial year 2011 an extra dividend of EUR 1.495 be paid for each class A share and an extra dividend of EUR 1.50 be paid for each class B share. The date of record for dividend distribution is proposed to be October 29, 2012 and the dividend be paid November 5, 2012.

    7. Closing of the meeting

  • Proposal of the Board of Directors of KONE Corporation to the Extraordinary General Meeting October 24, 2012.

    Proposal on the payment of extra dividend

    The Board of Directors proposes that for the financial year 2011 an extra dividend of EUR 1.495 be paid for each class A share and an extra dividend of EUR 1.50 be paid for each class B share. The date of record for dividend distribution is proposed to be October 29, 2012 and the dividend be paid November 5, 2012.

  • Minutes of the KONE EGM 2012

    This document is an unofficial translation from the Finnish original. In the event of any discrepancies between the Finnish and English versions, the Finnish version shall prevail.

    Decisions taken by the Extraordinary General Meeting of KONE Corporation

    KONE Corporation’s Extraordinary General Meeting was held in Helsinki on October 24, 2012. As proposed by the Board of Directors, the meeting approved extra dividends of EUR 1.495 for each of the 38,104,356 class A shares and EUR 1.50 for the 218,271,425 outstanding class B shares. The date of record for the dividend distribution is October 29, 2012, and the dividends will be payable on November 5, 2012.