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KONE wins impressive order for two high-rise towers in Istanbul

Press Release Published 07/04/2009

KONE has won an order to supply 14 elevators for the high-rise Anthill Residence project in Istanbul. The client for the project is the Turkish company Ant Yapi, who has worked with KONE in the past, notably on the remarkable Capital City project in

Moscow where KONE supplied 52 elevators and 6 escalators.

The project consists of two residential towers with 54 floors each. The prestigious elevators will carry passengers to their floor at a speed of 6 m/s. The Anthill Residence towers will be the first in Turkey to use high-rise elevators powered by KONE EcoDisc® technology, making it also a pioneer in terms of energy efficiency.

“This order clearly demonstrates the interest in KONE’s EcoDisc technology for high-rise buildings and the company’s increasing foothold in Turkey,” says Eric Maziol, KONE Area Director for West and South Europe. “We are looking forward to work once again with Ant Yapi on this remarkable project.”

The installation of the equipment will start in December of this year and it is estimated to be complete in December 2010.

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