KONE OYJ: Change in KONE Corporation's holding of treasury shares

KONE Corporation, stock exchange release, December 22, 2016 at 11.30 a.m. EET
Change in KONE Corporation's holding of treasury shares

A total of 10,876 KONE class B shares have been returned free of consideration
to KONE Corporation by virtue of the terms of KONE Corporation's share-based
incentive program for the years 2013-2015.

The shares were returned on December 22, 2016. After the transaction, KONE
Corporation holds 12,884,141 of its own class B shares.

For further information, please contact:

Jukka Ala-Mello, Secretary to the Board, tel. +358 (0)204 75 4226

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

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Source: KONE OYJ via Globenewswire