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KONE Wins Major Order in London

Press Release Published 31/01/2006

KONE has booked an order to provide all elevators for the old London Stock Exchange Building, which will be refurbished by Hammerson, the third largest U.K. property developer, with Bovis Lend Lease being the main contractor.

The elevators will be delivered by November 2007. The value of the order is approximately EUR 9 million.

The development project is for a prestigious commercial complex involving the complete refurbishment of the existing tower on Old Broad Street and a brand-new adjacent building on Threadneedle Street. This project follows the recent successful completion of the major Bishops Square project with the same developer. These orders further strengthen KONE's position as a leading player in the U.K., which is Europe's largest major projects market.

Sender:

KONE Corporation

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

Minna Mars
Senior Vice President,
Corporate Communications & IR

For further information, please contact:
Kevin Taylor, Director, New Equipment, KONE U.K., tel. +44 (0) 870 774 8320
Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)204 75 4501

KONE is one of the world’s leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators and innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. KONE has annual net sales of approximately EUR three billion and about 27,000 employees. Its class B shares are listed on the Helsinki Stock Exchange.

www.kone.com