KONE Wins Several Major Orders in the Middle East

DUBAI, June 29 /PRNewswire/ --     KONE has won four major orders in Saudi Arabia, United Arab
Emirates and Qatar. One of the developments is the world's largest mosque,
the Holy Harram (Holy Mosque), located in Mecca, Saudi Arabia. The other
three projects represent new architectural landmarks in the Middle East. The
combined value of the orders exceeds EUR 40 million.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070629/262985 )

In Saudi Arabia, KONE will supply 128 heavy-duty escalators
and 14 elevators for the Holy Harram located in the city of Mecca. The
mosque, also known as Al Harram Al Sherriff, is currently being further
expanded to handle the growth of religious tourism in Saudi Arabia. The
installation of the equipment will start in September 2007 and is estimated
to be completed in March 2008.

In the United Arab Emirates (UAE), KONE has signed a contract
with Bando Engineering and Construction Co. of South Korea to supply 36
customized elevators in the new U-Bora Tower development located in the heart
of Dubai's Business Bay. The highest tower of the three-building complex will
reach up to 263 meters. When installed, the elevators will travel up to
speeds of 8 m/s. The installation of the elevators will start in February
2008 and is estimated to be completed in January 2009.

In Qatar, KONE has won a contract to supply all elevators and
escalators for two new office, residential and retail centers in Doha; The
Twin Palm Towers and the West Bay Lagoon Plaza.

The Twin Palm development consists of two office towers
reaching up to 246 meters. Both towers will be equipped with 52 high-rise
elevators travelling at maximum speeds of 8 m/s. The installation of the
elevators will start in March 2008 and is estimated to be finished in April
2009.

The West Bay Lagoon Plaza forms a modern residential and
commercial area combining two architecturally impressive high-rise towers.
KONE will supply a total of 26 elevators and 8 escalators for the 143-meter
building complex. The installation of the equioment will start in November
2007 and is estimated to be finished in June 2008.

Earlier this year, KONE won an order of 36 units for the
five-tower multi-purpose office center Capital Plaza in Abu Dhabi, UAE with
the first double-deck elevators in the Middle East.

For further information, please contact:

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, 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