Investor Presentaiton

CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | FINANCIAL PERFORMANCE Exposure against EUR Exposure Exposure against USD against CNY HKD USD GBP SEK CNY JPY Others Total CNY CAD Others Total Others Total Exposure Dec 31, 2021 Exposure Dec 31, 2020 -447 -107 -67 -618 -124 -82 -56 77 140 -44 80 139 -9 -469 -32 -681 107 -82 112 -93 -15 -43 10 -119 -119 -24 -111 -111 can also hedge translation risk related to net assets of subsidiaries. The most significant translation risk exposures arising from operations of foreign subsidiaries are in the Chinese yuan, Hong Kong dollar and US dollar. Foreign exchange risk sensitivity analysis of financial assets and liabilities The foreign exchange risk sensitivity analysis for the most important currency pairs has been calculated for the KONE companies' foreign currency denominated financial assets and liabilities, including foreign exchange forward contracts outstanding at the statement of financial position date. The order book or forecasted cash flows are not included. The exposures in the most important currency pairs are disclosed in the table below. The foreign exchange risk sensitivity analysis presents the impact of a change in the foreign exchange rates of 10 percent on net income and on equity at the statement of financial position date. Changes in the equity are mainly caused by foreign exchange forwards designated in cash flow hedge accounting. The sensitivity analysis is calculated before taxes. A 10% change in the foreign exchange rates (strengthening of the euro, Chinese yuan and US dollar) at the statement of financial position date would have resulted in an impact of EUR -11.2 (-8.5) million on the net income and an impact of EUR 69.0 (90.1) million on equity. MEUR 47 KONE ANNUAL REVIEW 2021

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