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KONE wins an order for two Beijing Subway lines

Stock Exchange Release Published 30/12/2009

KONE won an order to supply 140 escalators and 32 elevators for Beijing’s rapidly expanding subway system. The order includes 140 TransitMaster™ escalators for line 6, which is under construction, and 32 MonoSpace® elevators for the extended line 8. To satisfy the high-demanding subway transportation of Beijing, KONE employed its People Flow™ solutions to make travel easier and safer.

“More people means more pressure on the urban environment and its infrastructure. The concept of People Flow has already been widely received in KONE’s infrastructure projects in China, for example in such stunning architectural masterpieces as Beijing Capital Airport T3 Terminal, Beijing-Shanghai High-speed Railway and Hongqiao Integrated Transportation Hub,” says William B. Johnson, Managing Director of KONE China.

Beijing subway line 6 will run east to west in parallel to line 1. At 42 km long, it will be longer than any other line in operation or under construction in the Chinese capital. The line is scheduled to be completed in 2014. Line 8, which served the Beijing Olympic Games last year, will be extended and is expected to be operational in 2012.

Previous press releases concerning KONE’s news in China are available at www.kone.com

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:

William B. Johnson, Managing Director, KONE China

Anne Korkiakoski, Executive Vice President, Marketing & Communications, KONE
Tel. +358 (0)204 75 4775