KONE Wins an Order for the One New Change Retail and Office Development in London

LONDON, August 30 /PRNewswire/ --     KONE has signed a contract with Land Securities for the delivery and
installation of all elevators and escalators for the One New Change
multi-purpose development in London's Square Mile district. When completed,
it will be one of the largest consolidated retail spaces in the City of
London.

"This contract continues our ongoing relationship with Land Securities
following on from the New Street Square and Dashwood House projects, which
are due for completion in 2008," comments Noud Veeger, KONE EVP, Area
Director for Central and North Europe. "The construction market in London has
developed well, which is partly due to the impact of the forthcoming 2012
Olympic Games."

One New Change will be a development of exceptional quality, which has
been carefully designed to create a vibrant commercial hub in London City.
With its 52,000 square meters of retail and office space, One New Change is
set to become a landmark retail and office development in the City.

The scheme will be equipped with 32 KONE elevators, of which 2 are fully
external scenic design, and 13 KONE escalators. The installation of the
equipment will start in December 2009 and is scheduled for completion in
October 2010.

About KONE

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 OMX Nordic Exchange in Helsinki, Finland.

http://www.kone.com

For further information, please contact:

    Minna Mars
    SVP
    Corporate Communications & IR
    tel.  +358-(0)-204-75-4501 or +358-(0)-50-384-9440