Kone Oyj will seek shareholder approval for a share repurchase program in the company's Annual General Meeting to be held on February 25, 2013. Under the program, the company will repurchase up to 25,570,000 treasury shares so that a maximum of 3,810,000 class A shares and a maximum of 21,760,000 class B shares may be repurchased. The repurchase represents 9.81% of the shares in issue.

The consideration to be paid for the repurchased shares with respect to both class A and class B shares will be determined based on the trading price determined for class B shares on the NASDAQ OMX Helsinki on the date of repurchase. Class A shares will be repurchased in proportion to holdings of class A shareholders at a price equivalent to the average price paid for the company's class B shares on the NASDAQ OMX Helsinki on the date of repurchase. Any holder wishing to offer his or her class A shares for repurchase by the company must state his or her intention to the company's Board of Directors in writing.

The company may deviate from the obligation to repurchase shares in proportion to the shareholders' holdings if all the holders of class A shares give their consent. Class B shares will be purchased in public trading on the NASDAQ OMX Helsinki at the market price as per the time of purchase. The authority is valid for a period of one year.

As of January 24, 2013, the total number of shares is 260,536,120 shares constituted of 38,104,356 class A shares and 222,431,764 class B shares.