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KONE wins an order for Gate Towers in Abu Dhabi

Stock Exchange Release Published 29/12/2009

KONE has won an order to supply 41 elevators and four escalators for four Gate Towers in Abu Dhabi, United Arab Emirates. KONE will provide 11 KONE MonoSpace® Special platforms, 27 KONE MiniSpace™ elevators, three KONE TranSys™ freight elevators as well as four KONE TravelMaster™ escalators for this project.

The Gate Towers are part of the Gate District in SHAMS Abu Dhabi development and sit at the entrance of Al Reem Island. Towers 3, 4 and 5 are 65-storey buildings and tower 7 is a 22-storey building. The Gate Towers will have a stunning presence on the island’s skyline and they will be completed in the second half of 2012.

“Our main objective for this project was to provide solutions with a unique people flow experience while offering the Gate Tower’s residents and visitors excellent ride comfort,” says Tarek Elnaggar, Regional Director of KONE Middle East. “We are also very proud to be once again associated with Sorouh, Khatib & Alami and Arabian Construction Company. We look forward to the joint collaboration on this very impressive project.”

Developed by Sorouh Real Estate, one of the leading real estate companies in the UAE, the Gate Towers recently received the "Best High Rise" award by The International Residential Property Awards. The architect and consultant for the project is the leading design company Khatib & Alami while the main contractor is the prestigious Arabian Construction Company. The project is managed by Hill International, one of the world’s largest construction and consulting firms.

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 2008, KONE had annual net sales of EUR 4.6 billion and over 34,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com

For further information, please contact:

Tarek Elnaggar, Regional Director, KONE Middle East

Anne Korkiakoski, Executive Vice President, Marketing & Communications, tel. +358 (0)204 75 4787