2016-03-16 KONE wins order for Australia 108 luxury apartment building in Melbourne (3)

KONE Corporation, press release, March 16, 2016

KONE, a global leader in the elevator and escalator industry, has won an order to supply 13 elevators to the Australia 108 apartment building development on 70 Southbank Boulevard in Melbourne. Representing the latest in luxury apartment living in the city, the 100-floor building will house over 1,100 apartments and will become Melbourne's first super-tall skyscraper, measuring 319 meters.

Upon its completion, Australia 108 will be the tallest apartment building in the southern hemisphere. The building will feature three levels of world-class residential amenities, including two infinity pools located 210 meters above ground.

KONE's people flow solutions will complement Australia 108's luxury design and high-quality facilities, and ensure smooth and safe traveling for its residents. The building will be equipped with 10 KONE MiniSpace(TM) high-speed elevators with KONE UltraRope® and three KONE MonoSpace® elevators, with a maximum travel of 306.8 meters.

"We are very excited to get started on this great high-rise landmark for Melbourne and Australia," says Neeraj Sharma, Executive Vice President, Asia-Pacific. "The use of KONE UltraRope for this impressive project is especially exciting for us and also serves as good proof of the interest and need from high-rise customers for our innovative hoisting technology."

The order was booked in the fourth quarter of 2015.

Previous press releases on KONE's orders are available at www.kone.com/press, including:

June 10, 2015: KONE to modernize and maintain equipment at 360 Collins Street, a prestigious office building in Melbourne, Australia

November 24, 2014: KONE wins order for luxury hotel development in Perth, Australia

November 5, 2014: KONE to equip Collins Square, one of Australia's largest mixed-used development with sustainable people flow solutions

More information on KONE UltraRope® elevator hoisting technology

For further information, please contact:

Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330, media@kone.com

About KONE

KONE is one of the global leaders in the elevator and escalator industry. 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 industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.