Regulatory press release

KONE Oyj: KONE Corporation's long-term incentive plan: transfer of shares and change in holding of treasury shares

KONE Corporation, stock exchange release, January 31, 2025, at 03:30 p.m. EET

KONE Corporation's long-term incentive plan: transfer of shares and change in holding of treasury shares

The Board of Directors of KONE Corporation has on 29 January 2025 decided, based on the authorization given by the company's annual general meeting in 2024, on a directed share issue without consideration to pay the share reward under the company's Restricted Share Plans 2022, 2023 and 2024.

In the share issue on 31 January 2025, KONE Corporation has assigned a total of 31,410 KONE class B shares held by the company to participants of the Restricted Share Plan 2022, a total of 16,808 KONE class B shares held by the company to participants of the Restricted Share Plan 2023 and a total of 2,266 KONE class B shares held by the company to participants of the Restricted Share Plan 2024. The shares assigned constitute the share portion of the reward payments.

The shares were transferred on 31 January 2025. After the transfer, KONE Corporation holds 11,817,268 of its own class B shares.

For further information, please contact:

Kaija Bridger, Executive Vice President, People & Communications, tel. +358 20 475 4292

Sender:

KONE Corporation

Niina Vilske
Secretary to the Board

Kaija Bridger
Executive Vice President, People & Communications

About KONE

At KONE, our purpose is to shape the future of cities. As a global leader in the elevator and escalator industry, we move two billion people every day, making their journeys safe, convenient, and reliable with smart and sustainable People Flow®. In 2024, KONE had annual sales of EUR 11.0 billion, and at the end of the year over 60,000 employees in close to 70 countries. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.