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KONE wins major maintenance contract for Stockholm metro

Press Release Published 20/10/2009

ONE has won a six-year contract from Storstockholms Lokaltrafik AB to maintain all elevator and escalator units installed in Stockholm’s metro stations. The contract, which includes maintenance for the organization’s 362 elevators and 372 escalators, begins on January 1, 2010.

Consisting of 7 lines and 100 stations altogether, the Stockholm Metro system includes 108 kilometers of rail. Storstockholms Lokaltrafik has a long history in creating a cost-effective way to meet the city’s needs for an efficient and environmentally friendly public transportation system. The metro began its operations in 1950 and now enables over 700,000 people to travel within the greater Stockholm area every day.

“We value the trust Storstockholms Lokaltrafik (SL) has put in us to help them achieve their goals of delivering a world-class transportation system for their customers,” says Noud Veeger, EVP and Area Director for Central and North Europe at KONE. “Our services like Modular Based Maintenance™ (1 and KONE eOptimum™ (2 generate added value for SL and their customers, especially in the area of people flow management.”

1) KONE Modular Based Maintenance™ is an advanced preventive maintenance service which takes into account numerous technical characteristics and customer-specific requirements. Based on these, KONE develops with the customer a unique maintenance plan for each piece of equipment in order to optimize the equipment’s performance and maintenance quality.

2) KONE eOptimum™ is an online maintenance reporting tool for elevators, escalators and automatic building doors. With this innovative tool, customers can receive automated reports by email or review their maintenance invoice history online. It also provides real-time tracking of work in progress and information about past maintenance activities.

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