2016-03-21 KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10 (1) (2)

KONE Corporation, stock exchange release, March 21, 2016 at 11.15 a.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 March 18, 2016, in accordance with the Finnish Securities Markets Act Chapter 9, Section 10.

According to the announcement, the total number of KONE Corporation shares owned by BlackRock, Inc. and its funds increased to five (5) per cent of the share capital of KONE Corporation on March 17, 2016. The share of voting rights was still below five (5) percent on March 17, 2016.

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

	% of shares and voting rights	% of shares and voting rights through financial instruments	% of total	Total number of shares and voting rights of issuer
Resulting situation on the date on which the threshold was crossed or reached	3.59% shares Below 5% voting rights	1.41% shares Below 5% voting rights	5.00% shares Below 5% voting rights	525,406,314 shares 121,128,472 voting rights
Position of previous notification (if applicable)	Below 5% shares Below 5% voting rights	Below 5% shares Below 5% voting rights	Below 5% shares Below 5% voting rights

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

A: shares and voting rights

Class / type of shares	Number of shares and voting rights		% of shares and voting rights
	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI009013403		18,873,700 shares Below 5% voting rights		3.59% shares Below 5% voting rights
SUBTOTAL A	18,873,700 shares Below 5% voting rights		3.59% shares Below 5% voting rights

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

Type of financial instrument	Expiration date	Exercise / Conversion Period	Physical or cash settlement	Number of shares and voting rights	% of shares and voting rights
Depositary receipt	N/A	N/A	Physical	880 shares Below 5% voting rights	0.00% shares Below 5% voting rights
Securities Lent	N/A	N/A	Physical	6,293,520 shares Below 5% voting rights	1.19% shares Below 5% voting rights
CFD	N/A	N/A	Cash	1,120,660 shares Below 5% voting rights	0.21% shares Below 5% voting rights
SUBTOTAL B				7,415,060 shares Below 5% voting rights	1.41% shares Below 5% voting rights

For further information, please contact:

Katri Saarenheimo, Director, Investor Relations, tel. +358 (0)204 75 4705

Sender:

KONE Corporation

Jukka Ala-Mello
Secretary to the Board

Eriikka Söderström
CFO

About KONE

KONE is one of the global leaders in the elevator and escalator industry. KONE's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. 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.