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

KONE Corporation, stock exchange release, July 12, 2021 at 08.50 a.m. EEST

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

KONE Corporation has received an announcement from BlackRock, Inc. on July 9,
2021, 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 excluding financial instruments according to
SMA 9:6a increased to above five (5) per cent of the total number of shares of
KONE Corporation on July 8, 2021. The total number of shares including financial
instruments according to SMA 9:6a owned by BlackRock, Inc. and its funds
remained above five (5) per cent of the total number of shares of KONE
Corporation.

Total position of BlackRock, Inc. and its funds subject to the notification:

                  % of    % of shares    % of    Total number of shares
                  shares  and voting     total   and voting rights of
                  and     rights                 issuer
                  voting  through
                  rights  financial
                          instruments
Resulting         5.06%   0.05% shares   5.12%   529,395,860 shares
situation on the  shares                 shares
date on                   Below 5%               121,527,427 voting rights
which the         Below   voting rights  Below
threshold was     5%                     5%
crossed or        voting                 voting
reached           rights                 rights
Position of       4.98%   0.05% shares   5.04%
previous          shares                 shares
notification (if          Below 5%
applicable)       Below   voting rights  Below
                  5%                     5%
                  voting                 voting
                  rights                 rights

Notified details of the resulting situation on the date on which the threshold
was crossed:

A: shares and voting rights

Class / type  Number of                 % of
of shares     shares and                shares
              voting                    and
              rights                    voting
                                        rights
              Direct     Indirect (SMA  Direct  Indirect (SMA 9:6 and 9:7)
              (SMA 9:5)  9:6 and 9:7)   (SMA
                                        9:5)
FI0009013403             26,837,540             5.06% shares
                         shares
                                                Below 5% voting rights
                         Below 5%
                         voting rights
SUBTOTAL A    26,837,540                5.06%
              shares                    shares

              Below 5%                  Below 5%
              voting                    voting
              rights                    rights

B: Financial instruments according to SMA 9:6a:

Type of     Expiration  Exercise /  Physical    Number    % of shares
financial   date        Conversion  or          of        and voting
instrument              Period      cash        shares    rights
                                    settlement  and
                                                voting
                                                rights
Depositary  N/A         N/A         Physical    220,140   0.04% shares
Receipt                                         shares
                                                          Below 5%
                                                Below 5%  voting rights
                                                voting
                                                rights
Securities  N/A         N/A         Physical    68,850    0.01% shares
Lent                                            shares
                                                          Below 5%
                                                Below 5%  voting rights
                                                voting
                                                rights
SUBTOTAL B                                      288,990   0.05% shares
                                                shares
                                                          Below 5%
                                                Below 5%  voting rights
                                                voting
                                                rights

For further information, please contact:

Natalia Valtasaari, 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 2020, KONE had annual sales of EUR 9.9 billion,
and at the end of the year over 60,000 employees. KONE class B shares are listed
on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com