KONE to deliver elevators to Oslo Airport in Norway

KONE Corporation, press release, December 7, 2012

KONE has won an order to deliver 45 eco-efficient elevators for the terminal expansion project at Oslo Airport in Norway. KONE's People Flow® solutions will help ensure that the growing number of annual passengers will reach their gates smoothly and on time.

The order includes 25 KONE MonoSpace® Special and 13 KONE TranSys freight elevators, four platform elevators and one new KONE MonoSpace® 500. Two existing elevators will be modernized to match the eco-efficiency and design of the new equipment.

"We are happy to contribute to the smooth operation of Oslo Airport. This agreement is a continuation of our service partnership and further strengthens our relationship with them," says Ari Lehtoranta, EVP and Area Director of KONE Central and North Europe.

Oslo Airport is Norway's main airport and services over 21 million passengers yearly. Oslo Airport has been named Europe's most punctual airport four times by the Association of European Airlines (AEA).

Installation of the equipment is scheduled to begin in 2014. They will be fully operational once the terminal opens to the public in 2017. The order was booked in the fourth quarter of 2012.

For further information, please contact:

Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775

Previous press releases on KONE'sinfrastructure orders are available atwww.kone.com/pressincluding:

October 10, 2012 KONE to deliver eco-efficient escalators to future New York City subway station

October 1, 2012 KONE to supply the elevators to new Crossrail stations in central London

About KONE
KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company'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. In 2011, KONE had annual net sales of EUR 5.2 billion and on average 35,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com