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KONE to supply elevators for Netherlands’ biggest governmental building

Press Release Published 16/06/2008

KONE has secured an order to supply all elevators for the new Ministry of Justice and Internal Affairs building in Den Haag, Netherlands. Located in the centre of the city, the building will be the government’s biggest in the Netherlands.

“We are very pleased that Ballast Nedam and BAM have chosen KONE for this impressive project,” says Noud Veeger, KONE EVP and Area Director for Central and North Europe. “It is one of the most significant high-rise deals for KONE in the Netherlands and the tenants of the building will benefit from KONE's Eco-efficient™ solutions.”

The building complex will comprise two 140-meter towers and will be equipped with 25 elevators. Four of them will be KONE JumpLiftTM elevators, which boost the buildings’ vertical transportation capacity during construction time by growing with the building. Installation of the equipment will begin in 2008 and is estimated to be completed in 2012.

The contractors for the project are Ballast Nedam and BAM and the architect is Hans Kollhoff Architecten. A 125-meter high residential tower called “De Kroon” (the Crown) will be built next to the building and will also be equipped with KONE elevators.

About KONE

KONE’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. KONE provides its customers with industry-leading elevators, escalators and innovative solutions for modernization and maintenance, and is one of the global leaders in its industry. In 2007, KONE had annual net sales of EUR 4.1 billion and over 32,500 employees. KONE class B shares are listed on the OMX Nordic Exchange Helsinki in Finland.

www.kone.com

For further information, please contact:

Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)204 75 4501