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2016-05-16

KONE OYJ: KONE to improve flow of urban life at Liuzhou Poly International Center in China

KONE Corporation, press release, May 16, 2016

KONE, a global leader in the elevator and escalator industry, has won an order
for 33 elevators and 21 escalators to be installed at the Liuzhou Poly
International Center mixed-use development in Liuzhou, a city in the Guangxi
Autonomous Region of South Central China.

The development includes a 54-story office and hotel tower that rises to a
height of 248 meters and a shopping mall. KONE will deliver two KONE
MonoSpace® elevators, 31 KONE MiniSpace(TM) elevators, 21 KONE
TravelMaster(TM) escalators, and the advanced KONE Destination Control System
(DCS) to the development. In additional, all equipment will be linked to the
KONE E-Link(TM) remote monitoring solution, which provides real-time status
updates on equipment performance. Some 3,000 people are expected to use the
KONE equipment on a daily basis.

"We are very pleased to continue and to strengthen our long relationship with
Poly Property in Guangxi with this latest project," said William B. Johnson,
Executive Vice President for KONE Greater China. "At KONE, our mission is to
improve the flow of urban life. This project is an example of how we can do
that at a site that is expected to be a bustling hub for business and
commerce."

The developer for the project, which is expected to be completed in 2017, is
Poly Property Group Co., Ltd.

The order was booked in the first quarter of 2016.

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

Read more
Previous press releases are available at www.kone.com/press including:

February 25, 2016:KONE wins order for the upcoming Taikang Mansion high-rise
in Beijing

January 11, 2016:KONE to provide elevators for high-end residential towers in
Liuzhou, China

January 11, 2016:KONE wins major order for Nanjing's Kingfine Center

About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader
in the elevator and escalator industry, KONE provides elevators, escalators
and automatic building doors, as well as solutions for maintenance and
modernization to add value to buildings throughout their life cycle. Through
more effective People Flow®, we make people's journeys safe, convenient and
reliable, in taller, smarter buildings. In 2015, KONE had annual net sales of
EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE
class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com

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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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