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2016-10-31

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

KONE Corporation, stock exchange release, October 31, 2016 at 11.30 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 October
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 decreased below five (5) per cent of
the share capital of KONE Corporation on October 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 % of total Total number of shares and voting rights of |
| instruments issuer |
| Resulting situation on the date on which the Below 5% shares Below 5% shares Below 5% voting rights Below 5% shares 525,885,053 shares 121,176,346 voting rights |
|threshold was crossed or reached |
| |
| |
| |
| Below 5% voting rights Below 5% voting rights |
| Position of previous notification (if 4.01% shares 0.99% shares Below 5% voting rights 5.01% shares |
|applicable) |
| Below 5% voting rights 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) |
| FI0009013403 Below 5% shares Below 5% shares |
| |
| Below 5% voting rights Below 5% voting rights |
| SUBTOTAL A Below 5% shares Below 5% shares |
| |
| Below 5% voting rights 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 Below 5% shares Below 5% shares |
| |
| Below 5% voting rights Below 5% voting rights |
| Securities Lent N/A N/A Physical Below 5% shares Below 5% shares |
| |
| Below 5% voting rights Below 5% voting rights |
| CFD N/A N/A Cash Below 5% shares Below 5% shares |
| |
| Below 5% voting rights Below 5% voting rights |
| SUBTOTAL B Below 5% shares Below 5% shares |
| |
| Below 5% voting rights Below 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 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

---------------------------------------
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: KONE OYJ via Globenewswire

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