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KONE Wins an Order for the Canary Wharf Business Center Development in London

Press Release Published 27/06/2007

KONE has won an order to supply all the elevators for a new office building in the Canary Wharf financial district.

The order includes 14 elevators for the 12-storey BP2 building, situated to the east of the One Churchill Place building. The installation of the equipment will start in the last quarter of 2007 and continue through 2008.

"We are delighted that Canary Wharf has entrusted us with this order. We have a longstanding relationship with them and are happy to participate once again in the successful development of the area, where we have previously delivered equipment for several other landmark projects", says Noud Veeger, KONE Area Director for Central and North Europe. "It's great to see that the city of London continously attracts new challenging construction projects. Combining latest technology with world-class architecture makes every building development a unique project."

KONE started working with Canary Wharf Construction Ltd in the late 90s and has since then supplied equipment for the Citibank European head quarters designed by Norman Foster, the Citigroup Tower, the Clifford Chance head office and the BP3 building, which are all located in the Canary Wharf business area.

Canary Wharf is a large business development in London located on the Isle of Dogs, which used to be an active dockland. The development of Canary Wharf has continued for almost two decades and it has become one of the centers for London's financial services industry housing a number of banks and other financial institutions.

Sender:

Noud Vergeer
Executive Vice President,
Area Director, Central and North Europe

Minna Mars
Senior Vice President,
Corporate Communications & IR

For further information, please contact:
Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)204 75 4501 or +358 (0)50 384 9440

KONE is one of the world’s leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators, with innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2006, KONE had annual net sales of EUR 3.6 billion and approximately 29,000 employees. Its class B shares are listed on the OMX Nordic Exchange in Helsinki, Finland.

www.kone.com