KONE acquires Lift Maintenance Limited in Scotland

November 17, 2011

KONE Corporation, press release, November 17, 2011

KONE has signed an agreement to acquire Lift Maintenance Limited, an independent elevator service company based in Scotland. With a strong local reputation, Lift Maintenance Limited will continue to operate as an independent company under its current name.

Michael Williams, Managing Director of KONE UK, comments, “Lift Maintenance Limited has built an enviable reputation in its chosen markets and this acquisition will mutually complement KONE’s existing business in Scotland. We look forward to working together."

Lift Maintenance Ltd has been in business for over 35 years and employs over 70 people specializing in elevator maintenance and modernization.

For further information, please contact:

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

Michael Williams, Managing Director, KONE UK, tel. +44 8707748211

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 2010, KONE had annual net sales of EUR 5 billion and approximately 33,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.co.uk