KONE wins a contract for a new standard-setting residential complex Maslak 1453 in Istanbul, Turkey

April 30, 2014

KONE Corporation, press release, 30 April 2014

KONE, a global leader in the lift and escalator industry, has been awarded a contract to provide 341 lifts, escalators to Maslak 1453, a new multi-use building complex in Istanbul, Turkey. Located on the European side of the city, the building comprises 24 towers of which the tallest reaches the height of 185 m. Maslak 1453 is home to 4,789 studios and apartments, offices, 500 commercial units and art galleries, and the project's total land size spreads over 322,000 square metres.

To support the resident and visitor flow at Maslak 1453, KONE has been contracted to supply 134 KONE MonoSpace® lifts, 131 KONE MiniSpace(TM) lifts and 72 KONE TravelMaster 110(TM) escalators. Additionally, KONE will install four KONE TravelMaster 115(TM) inclined autowalks and the building's office block lifts will be equipped with KONE Polaris(TM) full destination control systems.

"Turkey's growing economy translates into households with higher income levels and people demanding more from their housing and infrastructure", explains Pierre Liautaud, Executive Vice President and Area Director for KONE West and South Europe. "Maslak 1453 is referred to as the new standard-setter in the booming property market of Istanbul. We are truly excited that our efforts to develop energy-efficient technology and deliver high-quality service are paying off and have resulted in us winning this project", he adds.

Maslak 1453 development is designed and constructed by Agaoglu Group, one of Turkey's largest real estate and construction companies. Agaoglu Group expects to complete Maslak 1453 by 2016.
The order was booked in the first quarter of 2014.

Previous press releases on KONE's orders are available at www.kone.com/press including:

- 11 February 2014: KONE to supply people-flow solutions to Turkey's largest residential development
- 25 September 2013: KONE to deliver lifts and escalators to Ankara Metro line extensions in Turkey

For further information, please contact:

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

About KONE

KONE is one of the global leaders in the lift and escalator industry. KONE'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 urbanising environment. KONE provides industry-leading lifts, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernisation solutions. In 2013, KONE had annual net sales of EUR 6.9 billion and at the end of the year over 43,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland.