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KONE Delivers All Elevators for the China National Stadium in Beijing

Press Release Published 26/04/2006

Guo Hua International Contractor Company and Beijing Urban Construction Group Co. Ltd have placed two orders with KONE to deliver all elevators for the National Stadium in Beijing, which will host the 2008 Olympic Games.

The orders are for 26 machine-room-less KONE MonoSpace® elevators, which will be installed during 2006. The order follows KONE's previous successes in China, including equipment deliveries for the new terminal in Beijing Capital Airport, the Capital Museum and the National Grand Theater, which all are major projects for the 2008 Olympic Games infrastructure construction.

"KONE wins the China National Stadium project thanks to its advanced technology and high quality solutions," says Mr. Tan Xiaochun from Beijing Urban Construction Group Co. Ltd. "We are pleased that Beijing Urban Construction Group has chosen us for this high-profile project, which demonstrates the strong trust that KONE's expertise and advanced solutions enjoy in China," comments KONE executive vice president, Asia-Pacific Area Director, Pekka Kemppainen.

The National Stadium, known as "The Birds Nest" because of its unique design, will host the opening and closing ceremonies of the Olympic Games, as well as track and field events, soccer finals, etc.

Sender:

KONE Corporation

For further information, please contact: William B. Johnson, Managing Director, KONE China, tel. +86 21 2201 2178
George Ma, Director, Communication & Public Relations, KONE China, tel. +86 21 2201 2006
Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)204 75 4501

KONE is one of the world's leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators and innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2005, KONE had annual net sales of EUR 3.2 billion and about 27,000 employees. Its class B shares are listed on the Helsinki Stock Exchange.

www.kone.com