KONE's share capital increases through the subscri

KONE Corporation, stock exchange release, December 30, 2016 at 09.45 a.m. EET

KONE's share capital increases through the subscription of shares with 2013 option rights

A total of 806 new KONE class B shares have been subscribed for with 2013 option rights. The corresponding EUR 100.75 increase in KONE Corporation's share capital has been entered into the Finnish Trade Register on December 30, 2016. Trading of the new shares will start on January 2, 2017 on the Nasdaq Helsinki Stock Exchange with previously existing class B shares. The dividend payment rights and other rights related to the shares will commence on the date when the increase in the share capital is entered into the Trade Register.

The KONE 2013 option rights were listed on the Nasdaq Helsinki Ltd. as of April 1, 2015. KONE Capital Oy, a subsidiary of KONE Corporation, holds 55,000 KONE 2013 option rights. A maximum of 514,278 shares can be subscribed for with the remaining outstanding 2013 option rights for a subscription price of EUR 24.00 per share. The share subscription period ends on April 30, 2017.

KONE's share capital is EUR 65,771,110.26 after the entry into the Trade Register, comprising 449,960,170 class B shares and 76,208,712 unlisted class A shares. The terms of the 2013 option rights and further information are available on KONE Corporation's website at www.kone.com .

For further information, please contact: Sanna Kaje, Vice President, Investor Relations, tel. +358 204 75 4705

Sender:

KONE Corporation

Ilkka Hara CFO

Jukka Ala-Mello Secretary to the Board

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