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Investor Presentaiton

CORPORATE GOVERNANCE STATEMENT basis of the incentive plan for the year 2020, Henrik Ehrnrooth received a reward of EUR 2,512,242 which consisted of 17,625 KONE class B shares together with a cash bonus to cover taxes and similar charges arising from the receipt of shares. The maximum number of KONE class B shares available for earning for the President and CEO for the year 2020 was 30,000 KONE shares. The reward was based on sales growth and profitability as well as growth of KONE's digital services. Alahuhta Matti Berkling Axel Delval Hugues Duinhoven Susan Ehrnrooth Henrik Frände Johannes Halabi Samer Hara Ilkka Class A share In January 2021, KONE's Board of Directors decided on a new performance share plan. The performance criteria applied to the 2021 performance year are based on a combination of annual sales growth and adjusted EBIT margin, as well as improvements in sustainability. The sustainability performance condition is a combination of reductions in carbon footprint, as well as diversity and inclusion and safety related targets. The maximum number of shares available for earning for the President and CEO for the +7,403 +623 +13,742 Shareholdings and options of KONE Board and Management on Dec 31, 2021 and changes in shareholding during the period Jan 1-Dec 31, 2021 Change Class B shares 754,917 68,974 Change +623 +7,050 54,602 974 385,014 952 32,111 55,683 70,561,608 49,949,192 135,964 +259 +2,820 +7,168 +2,211,246 +623 109,667 62,229 +7,050 77,787 -56,335 3,117 3,941 +623 +623 67,256 45,063 +198 +7,050 623 +623 113,658 +7,050 24,516 32,898 +6,698 -6,784 0 0 Herlin Antti Herlin liris Herlin Jussi Johnson William Hinnerskov Thomas Kant Ravi Kaskeala Juhani Korte Mikko Kranz Maciej Xin-Zhe Li Jennifer Pihkala Tomio Schmid Ken Skippari Susanne Weener Tricia Anne Brunila and Sirpa Pietikäinen were members of the Board of Directors until March 2, 2021 and owned 3,334 and 8,494 KONE class B shares on that date. Klaus Cawén was a member of the Executive Board until January 31, 2021 and owned 368,312 KONE class B shares on that date. Pierre Liautaud was a member of the Executive Board until March 31, 2021 and owned 53,296 KONE class B shares on that date. The shares owned by companies in which the Board Member or Management exercises controlling power and by minor children are also included in these shareholdings. 0 2021 share-based incentive plan is 53,541 KONE class B shares (gross before deduction for applicable taxes). The final outcome and any potential share awards under the incentive plan for the year 2021 will be confirmed in January 2024, depending on the performance during the years 2021, 2022 and 2023. Henrik Ehrnrooth's holdings of shares are presented in the adjacent table. Henrik Ehrnrooth's retirement age and pension are determined in accordance with Finland's Pensions Act. No separate agreement regarding early retirement has been made. Should his employment contract be terminated before retirement, he has the right to the equivalent of 18 months' salary, which includes the salary for a six-month term of notice. Executive Board In 2021, KONE's Executive Board consisted of the President and CEO and 12-13 Members. Henrik Ehrnrooth serves as President and CEO. The other members of the Executive Board in 2021 were Axel Berkling, Klaus Cawén (until January 31, 2021), Hugues Delval, Johannes Frände (as of February 1, 2021), Samer Halabi (as of May 1, 2021), Ilkka Hara, Thomas Hinnerskov, William Johnson, Mikko Korte, Maciej Kranz, Pierre Liautaud (until March 31, 2021), Tomio Pihkala, Ken Schmid, Susanne Skippari and Tricia Weener (as of January 18, 2021). Compensation and other benefits of the Executive Board The compensation for the members of the Executive Board comprises a base salary and an annual bonus, based on the Group's annual result and the achievement of individual targets, which can relate to, for example, strategy execution, safety or quality. The bonus amount is determined by the Nomination and Compensation Committee and may not exceed 75 percent of the annual salary. The members of the Executive Board are included in the share-based incentive plan for senior management. In April 2021, on the basis of the incentive plan, the members of the Executive Board received a reward of 83,897 KONE class B shares together with a cash bonus equal to the amount required to cover taxes and similar charges arising from the receipt of shares. The maximum number of shares available for earning for the Executive Board for the 2021 share-based incentive plan is 233,794 KONE class B shares (gross before 111 KONE ANNUAL REVIEW 2021
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