KONE wins another impressive order in London

KONE Corporation, press release, March 18, 2008 KONE received a major order from Sir Robert McAlpine to supply all elevators and escalators for the Watermark Place project in the City of London. The building complex consists of high-quality office and retail space totaling 49,200 square meters (530,000 sq ft). Located next to the River Thames and enlivened with cafes, bars and restaurants, the Watermark Place will provide the largest public riverside space in London. "The Watermark Place project follows our previous successes in London and once again proves the trust in KONE's expertise in People Flow(TM) solutions," says Noud Veeger, KONE EVP, Area Director for Central and North Europe. "The combination of imposing architecture, quality of space and a revitalized waterfront location will make the Watermark Place a key destination and a valuable reference for KONE." The Watermark Place will be equipped with 20 elevators and 6 escalators. The installation of the equipment will start in June 2008 and is scheduled to be completed in April 2009. The developers of the project are Watermark Place Oxford One Investment Limited, UBS Global Asset Management and City Offices. The architect is Fletcher Priest Architects. Watermark Place follows KONE's recent successes in the London area such as the 201 Bishopsgate building, the Broadgate Tower, the BP2 building, the One New Change retail complex, the Leadenhall Building and the Walbrook project. About KONE KONE is one of the world's leading elevator and escalator companies. It provides customers with industry-leading elevators, escalators and innovative solutions for maintenance and modernization. KONE also provides maintenance services for automatic building doors. In 2006, KONE had annual net sales of EUR 4.1 billion and over 32,500 employees. KONE class B shares are listed on the OMX Nordic Exchange Helsinki in Finland. www.kone.com For further information, please contact: Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)204 75 4501 More information about the project can be found at www.watermarkplace.co.uk.