KONE Corporation, press release, February 15, 2012

KONE has been selected to supply 25 eco-efficient elevators with supportive technologies to 25 Churchill Place in London, UK. This new high-rise office building in Canary Wharf will stand at a height of 128 meters once completed in late 2014. The office building is being developed by the Canary Wharf Group and the main contractor is Canary Wharf Construction Limited (CWCL).

The order includes 22 KONE MiniSpace® elevators, of which 20 will be dedicated to transporting passengers and two for freight. MiniSpace elevators are especially suited to high-rise buildings. The other three elevators are KONE MonoSpace® Special, of which two can travel at the high speeds required for firefighting. These elevators, equipped with the energy-efficient KONE EcoDisc® hoisting machine, are 50-70% more efficient than elevators that use conventional traction two-speed or hydraulic technology.

Working together with the elevators is the KONE Polaris® destination control system which will reduce waiting times for the office workers. There will also be KONE Infoscreen displays installed within each passenger car to inform and guide elevator passengers for smoother flow in the 26-floor building. The KONE E-link traffic monitoring system will ensure a high service level of the elevators.

"We are delighted that our longstanding relationship with Canary Wharf Contractors has resulted in another order to provide People Flow® for professionals in this London financial hub," says Ari Lehtoranta, EVP and Area Director of KONE Central and North Europe.

25 Churchill Place has been designed by Kohn Pederson Fox (KPF), the architects behind KONE's Parisian reference Tour First. Previous KONE CWCL projects include the Citigroup Centre at 25 and 33 Canada Square.

The order was booked in the first quarter of 2012.

For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775
Michael Williams, Managing Director, KONE UK, tel. +44 8707748211

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(TM) 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 2011, KONE had annual net sales of EUR 5.2 billion and on average 35,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com