KONE Corporation, stock exchange release, December 17, 2020 at 2.30 p.m. EET Change in KONE Corporation's holding of treasury shares A total of 2,238 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 year 2019. The shares were returned on December 17, 2020. After the transaction, KONE Corporation holds 11,006,006 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 2019, KONE had annual sales of EUR 10 billion, and at the end of the year approximately 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.kone.com