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2016-08-26

KONE OYJ: KONE wins order for new main line of Chongqing metro in China

KONE Corporation, press release, August 26, 2016

KONE, a global leader in the elevator and escalator industry, will install
more than 200 units of equipment at the 30 stations of Chongqing Metro Line
5, the main North-to-South line under construction in the Southwestern
Chinese city.

The order for the first extension phase of the metro line includes 51 KONE
MonoSpace® elevators, six KONE MiniSpace® elevators, and 166 KONE
TransitMaster(TM) escalators. Chongqing is one of China's five national
central cities, and the KONE equipment is estimated to help ease the flow of
urban life for around 15 million people every month.

"We are excited to be involved in this project to extend the reach of the
Chogqing Metro, which is a major lifeline for the city," said William B.
Johnson, KONE Executive Vice President for Greater China. "To find the best
people flow solutions for a busy infrastructure project like this one, it is
of utmost importance to listen to and work closely with the customer."

The main developer of the project is Chongqing Rail Transit (Group) Co., Ltd.,
and the main contractor is China Railway Second Bureau Electric Engineering
Co., Ltd. The architect of the project is Chongqing Rail Transit Design and
Research Institute.

The project is expected to be completed in 2017. The order was booked in the
third quarter of 2016.

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

April 06, 2016:KONE wins order for Shanghai Metro extension

April 06, 2016:KONE wins escalator order for Lanzhou Metro in China

April 27, 2016:KONE wins major order for Qatar's Doha Metro project

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 Corporate Solutions on behalf of Nasdaq 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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