KONE Corporation, pressrelease, January 10, 2018

Situated in Dubai's Business Bay, afast-developing hub of the city's residential and commercialdevelopment, the tower consists of 76 floors and reaches the heightof 323 meters. KONE will be equipping the development with 16 KONEMiniSpace® elevators and 7 KONE MonoSpace® elevators. Additionally,KONE will deliver two loading bay area elevators and three disabledaccess platform elevators.
"The supply of hotel rooms and hotel apartments inDubai is expected to reach 134,000 by the end of 2018. We'reexcited to be part of the city's growing hospitality sector andlook forward to providing premium travel experience with ourequipment to the people visiting and working at the development,"said Pierre Liautaud, Executive Vice President for KONE SouthEurope, Middle East and Africa.
The development is designed by Aedas ArchitectsLtd., developed by WOW investments Ltd. and it is expected to becompleted in 2020.
The order was booked in the third quarter of2017.
Previous press releases areavailable at www.kone.com/press including:
March 6, 2017: KONE wins order for Riyadh's metro in SaudiArabia
January 11, 2017: KONE wins order for Bahrain International Airportexpansion
May 12, 2016: KONE to equip Middle East's biggest health campusin Adana, Turkey
April 27, 2016: KONE wins major order for Qatar's Doha Metroproject
For further information,please contact:
Liisa Kivelä, Director, Communications, KONECorporation, tel. +358 204 75 4330. media@kone.com
About KONE
At KONE, our mission is to improve the flow of urban life.As a global leader in the elevator and escalator industry, KONEprovides elevators, escalators and automatic building doors, aswell as solutions for maintenance and modernization to add value tobuildings throughout their life cycle. Through more effectivePeople Flow®, we make people's journeys safe, convenient andreliable, in taller, smarter buildings. In 2016, KONE had annualnet sales of EUR 8.8 billion and at the end of the year over 52,000employees. KONE class B shares are listed on the Nasdaq HelsinkiLtd. in Finland.
www.kone.com