KONE Becomes First Company to Reach Highest Energy Efficiency Rating for its Elevators

ESPOO, Finland, July 28, 2010 - KONE, an innovative leader in the elevator and escalator industry, has
become the very first company in its industry to reach the A class energy
rating from the VDI 4707 classification rating for its KONE MonoSpace(R)
elevators*. The A class rating is the best rating that can be given under the
VDI 4707 classification standard. Customers will be able to order elevators
meeting the VDI 4707 classification in the fourth quarter of 2010.

The VDI guideline is a European-based code of practice which was
established by the Association of German Engineers (Verein Deutscher
Ingenieure) and is now used mainly in Europe but also in other countries
around the world.

"This significant achievement solidifies our leading position in the
design and production of energy-efficient elevators," says Heikki Leppanen,
Executive Vice President, New Equipment Business, KONE Corporation. "We are
very proud of reaching this important milestone and it will only serve to
drive us forward in our search to reduce the energy consumption of buildings
worldwide. It is also important for our customers to know that highly
efficient drive technology is now available for many standard applications,
both for new projects and for modernizations."

KONE used innovative technologies such as regenerative drives, standby
solutions and LED lighting to drastically reduce the energy consumption of
its elevators. The use of these innovative technologies in KONE's elevators
has played an important role in KONE's ability to reduce the energy
consumption of its elevators. In 2008, KONE announced that it would reduce
the energy consumption of its volume elevators 50% by 2010, compared to the
previous 2006 volume model. In 2009, KONE launched a global range of
elevators that achieved a 30% reduction in energy consumption for its
elevators. Later this year, KONE will complete its target set in 2008 by
further reducing the energy consumption of its volume elevators by an
additional 20%.

KONE is also focusing on the ongoing development of standards such as
ISO/DIS 25745, Energy Performance of Lifts and Escalators, which will define
globally agreed criteria for measurement and comparison between different
technologies and products in terms of energy consumption.

Additional details on the energy efficiency of KONE's elevators, compared
to the VDI 4707 standard, can be found on page 30 of KONE's Corporate
Responsibility Report
(www.kone.com/corporate/en/responsibility/Pages/default.aspx).

To learn more about KONE's eco-efficient solutions, visit KONE's
Corporate Responsibility section on www.kone.com/sustainability.

*Energy efficiency class provided by TUV at KONE's training center in
Germany under optimized conditions.

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 2009, KONE had annual net sales of
EUR 4.7 billion and approximately 34,000 employees. KONE class B shares are
listed on the NASDAQ OMX Helsinki Ltd in Finland. Founded in 1910, KONE
celebrates its centennial anniversary in 2010.

www.kone.com

For further information, please contact: Jussi Oijala, Senior Vice President, Technology, KONE., tel. +358-204-75-3126;
Anne Korkiakoski, EVP, Marketing & Communications, KONE.
tel. +358-204-75-4330