Change in KONE Corporation's holding of treasury shares

KONE Corporation, stock exchange release, April 29, 2016 at 09.45 a.m. EEST

Change in KONE Corporation's holding of treasury shares

KONE Corporation has assigned a total of 391,662 KONE class B shares to the 42 key employees of the KONE share-based incentive program as a reward payment for the 2015 earning period.

KONE Corporation has assigned a total of 2,923 KONE class B shares to the members of KONE Corporation's Board of Directors as a part of the board members' annual remuneration according to the decision of the Annual General Meeting on March 7, 2016.

The handover date for the shares was April 28, 2016. After the transfer, KONE Corporation holds 11,845,959 of its own class B shares.

For further information, please contact:
Katri Saarenheimo, Director, Investor Relations, tel. +358 204 75 4705

Sender:

KONE Corporation

Henrik Ehrnrooth
President and CEO

Eriikka Söderström
CFO

KONE as a company

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 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com