2020-01-27 KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10

KONE Corporation, stock exchange release, January 27, 2020 at 5.30 p.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 January 27, 2020, in accordance with the Finnish Securities Market Act Chapter 9, Section 5.

According to the announcement, the total number of KONE Corporation shares owned by BlackRock, Inc. and its funds decreased to below five (5) per cent of the share capital of KONE Corporation on January 24, 2020.

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	4.87% sharesBelow 5% voting rights	0.10% sharesBelow 5% voting rights	4.98% sharesBelow 5% voting rights	529,395,860 shares121,527,427 voting rights
Position of previous notification (if applicable)	4.89% sharesBelow 5% voting rights	0.12% sharesBelow 5% voting rights	5.01% sharesBelow 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)
FI0009013403		25,805,710 sharesBelow 5% voting rights		4.87% sharesBelow 5% voting rights
SUBTOTAL A	25,805,710 sharesBelow 5% voting rights		4.87% sharesBelow 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	36,480 SharesBelow 5% voting rights	0.00% sharesBelow 5% voting rights
Securities Lent	N/A	N/A	Physical	35,270 SharesBelow 5% voting rights	0.00% sharesBelow 5% voting rights
CFDs	N/A	N/A	Cash	496,070 SharesBelow 5% voting rights	0.09% sharesBelow 5% voting rights
SUBTOTAL B				567,820 SharesBelow 5% voting rights	0.10% sharesBelow 5% voting rights

For further information, please contact:
Sanna Kaje, Vice President, Investor Relations, tel. +358 (0)204 75 4705

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 2018, KONE had annual sales of EUR 9.1 billion, and at the end of the year over 57,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com