KONE Corporation, stock exchange release, April 27, 2023 at 4.30 p.m. EEST Change in KONE Corporation's holding of treasury shares KONE Corporation has assigned a total of 7,912 KONE class B shares to the members of KONE Corporation's Board of Directors as a part of the board members' annual remuneration according to the decision of the Annual General Meeting on February 28, 2023. The handover date for the shares was April 27, 2023. After the transfer, KONE Corporation holds 12,177,644 of its own class B shares. For further information, please contact: Natalia Valtasaari, Head of Investor Relations, tel. +358 204 75 4705 Sender: KONE Corporation Johannes Frände General Counsel, 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 2022, KONE had annual sales of EUR 10.9 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