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KONE Wins Major Orders in Italy and Qatar

Press Release Published 06/02/2006

KONE has secured major orders in Italy and Qatar with a combined value of approximately EUR 27 million.

In Italy, Met.Ro. S.p.A. has awarded KONE a multi-year order to modernize 32 escalators and four walkways in the Roman metro system. The project represents the largest modernization order ever won by KONE in Italy.

Met.Ro. (Metropolitana di Roma) manages the two Roman underground lines and railways in the Rome region. The order confirms KONE’s ability to provide a performance edge for customers in public transportation customer segment, thanks to its advanced technology. It enables the customer to avoid costly and disruptive masonry work while keeping the existing trusses when executing the full replacement of the units.

In Qatar, KONE will supply 89 elevators and six escalators for the Doha City Center, which is being expanded to include five 5-star hotel towers and a larger retail podium. The order, which was included in the 2005 order book, is the largest order ever given to any elevator company for a project in Qatar. Installation work will begin in April, 2006 and be completed in 2008. The hotels will be run by Shangri-la, Marriott Renaissance, Marriott Courtyard, Rotana and Merweb. The main contractor for the project is Al Habtoor Engineering.

Sender:

KONE Corporation

Eric Maziol
Executive Vice President,
Area Director, West and South Europe

Minna Mars,
Senior Vice President,
Corporate Communications & IR

For further information, please contact:
Marco Bonissone, Managing Director, KONE Italy, tel. +39 02 3392 3939 (Italian order)
Kari Malmström, Managing Director, KONE Middle East, Africa and Distributors, tel. +358 (0)204 75 4262 (Qatar order)
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