2016-04-29 KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10 (2)

KONE Corporation, stock exchange release, April 29, 2016 at 11.00 a.m. EEST

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

KONE Corporation has received an announcement from BlackRock, Inc. on April 28, 2016, in accordance with the Finnish Securities Market Act Chapter 9, Section 10.

According to the announcement, the total number of KONE Corporation shares owned by BlackRock, Inc. and its funds increased above five (5) per cent of the share capital of KONE Corporation on April 27, 2016. The share of voting rights was still below five (5) percent on April 27, 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	3.56% shares Below 5% voting rights	1.50% shares Below 5% voting rights	5.06% 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 crossed:

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		18,716,070 shares Below 5% voting rights		3.56% shares Below 5% voting rights
SUBTOTAL A	18,716,070 shares Below 5% voting rights		3.56% 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	4,890 shares Below 5% voting rights	0.00% shares Below 5% voting rights
Securities Lent	N/A	N/A	Physical	6,325,560 shares Below 5% voting rights	1.20% shares Below 5% voting rights
CFD	N/A	N/A	Cash	1,145,040 shares Below 5% voting rights	0.21% shares Below 5% voting rights
ELN	15/07/2016	Monthly	Cash	156,600 shares Below 5% voting rights	0.02% shares Below 5% voting rights
ELN	18/07/2016	Monthly	Cash	156,600 shares Below 5% voting rights	0.02% shares Below 5% voting rights
ELN	20/07/2016	Twice Monthly	Cash	106,500 shares Below 5% voting rights	0.02% shares Below 5% voting rights
SUBTOTAL B				7,895,190 shares Below 5% voting rights	1.50% 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

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.