KONE Corporation, press release, January 13, 2011

KONE has won an order to supply 79 eco-efficient elevators with innovative technologies to two high-rise office buildings of the Yu Jia Pu Financial District in Tianjin Binhai New Area, China.

The buildings rise to a height of 131 and 177 meters and will have 14 eco-efficient KONE MonoSpace® machine-room-less elevators and 59 KONE MiniSpace(TM) elevators. The order includes KONE Polaris(TM) hybrid destination control systems, which will optimize People Flow® and ensure short wait times for the people moving around in the 28 and 39 story buildings. The KONE E-Link traffic monitoring system will help the facility managers ensure a high level of service for vertical transportation.

"We are honored to be selected by Tianjin Sanjian Construction Engineering and China Construction Third Engineering Bureau to provide People Flow solutions to a new urban area of China," says William B. Johnson, Managing Director of KONE China.

The Tianjin Binhai New Area is a major economic development zone in northern China which transforms an industrial port into a modern city with commercial zones, residential areas and parks. It is estimated these two high-rise office buildings will be completed in 2013.

The order was booked in the fourth quarter of 2011.

For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775

About KONE
KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company's objective is to offer the best people flow experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2010, KONE had annual net sales of EUR 5 billion and approximately 33,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com