KONE Wins an Order for the Canary Wharf Business Center Development in London


LONDON, June 27 /PRNewswire/ --     KONE has won an order to supply all the elevators for a new
office building in the Canary Wharf financial district. The order includes 14
elevators for the 12-storey BP2 building, situated to the east of the One
Churchill Place building. The installation of the equipment will start in the
last quarter of 2007 and continue through 2008.

"We are delighted that Canary Wharf has entrusted us with this
order. We have a longstanding relationship with them and are happy to
participate once again in the successful development of the area, where we
have previously delivered equipment for several other landmark projects",
says Noud Veeger, KONE Area Director for Central and North Europe. "It's
great to see that the city of London continously attracts new challenging
construction projects. Combining latest technology with world-class
architecture makes every building development a unique project."

KONE started working with Canary Wharf Construction Ltd in the
late 90s and has since then supplied equipment for the Citibank European head
quarters designed by Norman Foster, the Citigroup Tower, the Clifford Chance
head office and the BP3 building, which are all located in the Canary Wharf
business area.

Canary Wharf is a large business development in London located
on the Isle of Dogs, which used to be an active dockland. The development of
Canary Wharf has continued for almost two decades and it has become one of
the centers for London's financial services industry housing a number of
banks and other financial institutions.

KONE is one of the world's leading elevator and escalator companies. It
provides its customers with industry-leading elevators and escalators, with
innovative solutions for their maintenance and modernization. KONE also
provides maintenance of automatic building doors. In 2006, KONE had annual
net sales of EUR 3.6 billion and approximately 29,000 employees. Its class B
shares are listed on the Helsinki Stock Exchange in Finland.

www.kone.com

For further information,please contact:

    Minna Mars, SVP, Corporate Communications & IR
    tel: +358-(0)204-75-4501



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