Investor Presentaiton

CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | CAPITAL STRUCTURE Fair values of major classes of plan assets, MEUR Fair value of plan assets with a quoted market price Other Dec 31, 2021 521.5 Dec 31, 2020 453.6 Total 28.7 550.2 27.2 480.8 Amounts recognized in the statement of income, MEUR Jan 1-Dec 31, 2021 Jan 1-Dec 31, 2020 Defined contribution pension plans 281.5 238.5 Defined benefit pension plans Other post-employment benefits Total 21.2 0.2 19.0 0.4 302.9 257.8 In 2021 certain contributions made to governmental bodies have been reassessed to qualify for reporting as defined contribution pension plan costs. Considering the same in comparison period defined contribution pension plan costs would have increased by EUR 21.9 million. Defined benefit plans: assumptions used in calculating benefit obligations Discount rate, % Future salary increase, % Future pension increase, % Jan 1-Dec 31, 2021 Europe USA Jan 1-Dec 31, 2020 Europe USA 1.55 2.87 1.27 2.52 2.3 4.0 2.4 4.0 1.5 1.7 Impact on defined benefit obligation Sensitivity of the defined benefit obligation to changes in actuarial assumptions Discount rate, +0.25 percentage points Dec 31, 2021 Dec 31, 2020 -3.6% -3.8% Discount rate, -0.25 percentage points 3.8% 4.1% Future pension increase, +0.25 percentage points 2.1% 2.4% -1.8% -2.3% Future pension increase, -0.25 percentage points Sensitivities are calculated by changing one assumption at a time while keeping other variables constant. 76 KONE ANNUAL REVIEW 2021

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