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2016-04-06

KONE OYJ: KONE wins order for Shanghai Metro extension

KONE Corporation, press release, April 6, 2016

KONE, a global leader in the elevator and escalator industry, will equip the
nine new stations along the southern extension of Shanghai Metro Line 5 in
China's biggest city. The order includes 69 KONE TransitMaster(TM) escalators
and 24 KONE MonoSpace® elevators.

The Shanghai Metro opened in 1993 and has expanded rapidly with some nine
million people now traveling on its 14 lines every day. Line 5 was opened in
2003 and its existing stations are all above ground. In the new southern
extension, four of the nine new stations will be underground.

"We are very excited to be involved in this expansion of the Shanghai Metro,
one of the busiest rapid rail networks in the world," said William B.
Johnson, Executive Vice President for KONE Greater China. "We are proud to
offer our people flow solutions to help smoothen the journey for Shanghai's
commuters."

KONE has previously provided elevators and escalators to six stations in the
extension of Shanghai Metro Line 3.

The developer of the project, estimated to be completed by the end of 2017, is
Shanghai Rail Transit Line Five South Extension Development Co., Ltd.

The order was booked in the first quarter of 2016.

Previous press releases are available at www.kone.com/press including:
January 11, 2016:KONE wins order for expansion of Zhengzhou's metro

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

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
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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