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Eastern European Markets
NEWS RELEASE
September, 8.2005

KONE wins major orders in the U.K. and Russia

KONE has been awarded two major orders, one in the U.K. and one in Russia. In the U.K, KONE has secured the elevator order for the New Street Square project in London. The project, consisting of four buildings of retail, leisure and office space, is being developed by Land Securities, Europe’s largest property developer. KONE will supply 37 elevators of various types for the project. The total value of the order will exceed EUR 10 million.

KONE has also been chosen to provide 28 elevators and four escalators for the Neberezhnaya Tower C, part of a three-building project under construction in Moscow. The elevators will include one 6-car group of KONE Alta™ elevators at 8.0 m/s. When completed, the 56-story Neberezhnaya Tower C will be one of the tallest buildings in Europe at more than 250 meters high. KONE has already secured orders to provide elevators for the earlier phases of the project.

“Major projects have an integral role to play in KONE’s growth strategy. These two orders confirm that discriminating customers in very competitive markets continue to have ongoing confidence in KONE and its expertise in carrying out demanding projects,” explains KONE’s Executive Vice President, Major Projects, William Orchard.

About KONE Corporation:
KONE is the world’s fourth largest elevator and escalator company and provides complete and innovative solutions for the installation, maintenance and modernization of elevators and escalators and the maintenance of automatic building doors. KONE provides safe and easy access to hundreds of millions of people daily in all parts of the world. KONE has annual net sales of approximately EUR three billion and about 27,000 employees. Its class B shares are listed on the Helsinki Exchanges.

For further information:
Minna Mars, Senior Vice President, Corporate Communications & IR,
tel. +358 (0)204 75 4501

www.kone.com


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