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2016-03-15

KONE OYJ: KONE Corporation applies for listing of its 2014 stock options

KONE Corporation applies for listing of its 2014 stock options

KONE Corporation, stock exchange release, March 15, 2016 at 9.30 a.m. EET

KONE Corporation applies for listing of its 2014 stock options

KONE Corporation will apply for the listing of its 2014 stock options on the
Nasdaq Helsinki Ltd. so that the listing begins as of April 1, 2016.

The total number of the 2014 stock options is 1,500,000. Each option right
entitles its holder to subscribe for one (1) class B share. In total, the
2014 stock options entitle to subscribe for 1,500,000 class B shares of KONE
Corporation, at maximum. KONE Corporation's subsidiary, KONE Capital Oy, has
132,000 stock options in its possession. KONE Corporation's Board of
Directors has resolved, in accordance with the terms and conditions of the
stock options, that the stock option holders will be offered new class B
shares in the company.

The current subscription price for 2014 stock options is EUR 28.20 per share.
The subscription price of the shares subscribed for by the stock options has
been reduced in accordance with the terms and conditions by the amount of
dividends declared before the share subscription at the record date for each
dividend distribution.

KONE Corporation's Board of Directors has noted that the criteria of the 2014
stock options plan have been met and resolved that the share subscription
period will begin on April 1, 2016 in accordance with the terms and
conditions. The stock options may be freely transferred as of that date. The
subscription period will end on April 30, 2018. The place of subscription
will be Evli Bank Plc.

The reasons to grant the 2014 stock options and the original terms and
conditions have been published by a stock exchange release on December 20,
2013. The updated, full version of the terms and conditions of the 2014 stock
options is available on the company's website at www.kone.com.

The share subscription timetable with the option rights 2014 in 2016 is as
follows:

-------------------------------------------------------------------------------
| Last subscription date Estimated registration date Estimated listing date |
| April 14, 2016 May 3, 2016 May 4, 2016 |
| July 13, 2016 August 2, 2016 August 3, 2016 |
| October 20, 2016 November 8, 2016 November 9, 2016 |
| December 15, 2016 December 30, 2016 January 2, 2017 |
-------------------------------------------------------------------------------
The Board will not handle share subscriptions between the end of the financial
year 2016 and the subsequent Annual General Meeting.

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

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.

www.kone.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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