KONE to deliver People Flow solutions to two IICG shopping centres in China

Press Release Published 08/13/2012

KONE Corporation, pressrelease, August 13, 2012

KONE has been selected to deliver 69 eco-efficientelevators, 121 escalators and 10 autowalks to 2 super regionalshopping centres developed, owned and managed by Inter IKEA CentreGroup. The shopping centres located in Wuxi and Beijing will becomeone-stop shopping destinations with a full range of offeringsincluding fashion retailers, restaurants, cafés and leisurecomponents, anchored by cinema, electronics, hypermarket and IKEA.Both will serve a catchment area of more than 12 millioninhabitants and KONE's innovative solutions will help ensure smoothPeople Flow® for over 10 thousand visitors every day.

For the IICG Beijing shopping centre spread over210,000 square meters gross leasable area on 3 levels, KONE willdeliver 21 KONE S MonoSpace® passenger elevators, 14 KONETranSys(TM) service elevators, 10 freight elevators, 63 KONETravelMaster(TM) escalators and 10 autowalks. For the shoppingcentre in Wuxi which has 150,000 square meters gross leasable areaon 3 levels, KONE will deliver 13 KONE S MonoSpace® passengerelevators and 11 freight elevators, as well as one KONETransitMaster(TM) and 57 KONE TravelMaster(TM) escalators. BothIICG shopping centres will also have the KONE E-Link monitoringsystem to ensure high performance levels of the equipment.

"We were pleased to be involved at the earlystages to help create a customized People Flow design to benefitthe retailers and increase the convenience for shoppers," saysWilliam B. Johnson, EVP and Area Director of KONE GreaterChina.

The IICG Beijing shopping centre is scheduled toopen at the end of 2014 and the one in Wuxi at the end of 2013. Theorder was booked in the second quarter of 2012.

For further information,please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONECorporation, tel. +358 204 75 4775


About Inter IKEA Centre Group(IICG)
Established in 2001, the Inter IKEA Centre Group (IICG) is jointlyowned by the Inter IKEA Group and IKEA Group, with headquarters inKastrup, Denmark. IICG specializes in the development, operationand management of shopping centres in partnership with IKEA. IICGcurrently has 30 shopping centres in operation in 14 countriesworldwide, welcoming a total of 65 million visitors per year. Ateach location the centres are operated by professional IICG teamsspecializing in development, leasing, management and marketing.
www.iicg.com

About KONE
KONE is one of the global leaders in the elevator and escalatorindustry. The company has been committed to understanding the needsof its customers for the past century, providing industry-leadingelevators, escalators and automatic building doors as well asinnovative solutions for modernization and maintenance. Thecompany's objective is to offer the best People Flow® experience bydeveloping and delivering solutions that enable people to movesmoothly, safely, comfortably and without waiting in buildings inan increasingly urbanizing environment. In 2011, KONE had annualnet sales of EUR 5.2 billion and on average 35,000 employees. KONEclass B shares are listed on the NASDAQ OMX Helsinki Ltd inFinland.
www.kone.com

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