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Change in KONE Corporation’s holding of treasury shares

Stock Exchange Release Published 29/01/2020

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. +358 (0)204 75 4226

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

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