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2015-09-02

KONE OYJ: KONE acquires its Croatian distributor Lift Modus d.o.o.

KONE Corporation, press release, September 2, 2015

KONE Corporation, a global leader in the elevator and escalator industry, has
acquired its authorized distributors in Croatia (Lift Modus d.o.o.) and
Bosnia (Lift Modus d.o.o. Sarajevo). A new equipment market leader in
Croatia, the Zagreb-headquartered Lift Modus d.o.o. has been KONE's exclusive
distributor since 1999. Lift Modus currently has around 1,600 elevators and
escalators in service and the company employs around 60 people.

"With the acquisition of Lift Modus, we are very pleased to establish our
presence in Croatia and Bosnia and take advantage of the growth opportunities
in the region," says Pierre Liautaud, Executive Vice President and Area
Director for KONE West and South Europe and Africa.

Previous KONE press releases are available at www.kone.com/press including:
July 20, 2015:KONE acquires German elevator company Klostermann Aufzüge GmbH

For further information, please contact:
Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75
4330, media@kone.com

About KONE
KONE is one of the global leaders in the elevator and escalator industry.
KONE's objective is to offer the best People Flow® experience by developing
and delivering solutions that enable people to move smoothly, safely,
comfortably and without waiting in buildings in an increasingly urbanizing
environment. KONE provides industry-leading elevators, escalators, automatic
building doors and integrated solutions to enhance the People Flow in and
between buildings. KONE's services cover the entire lifetime of a building,
from the design phase to maintenance, repairs and modernization solutions. In
2014, KONE had annual net sales of EUR 7.3 billion, and at the end of the
year over 47,000 employees. KONE class B shares are listed on the NASDAQ OMX
Helsinki Ltd. in Finland.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: KONE OYJ via Globenewswire

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