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KONE wins order to supply lifts and escalators for Norwegian Cruise Line's latest ship

Press Release Published 02/16/2016

KONE Corporation, press release, February 16, 2016

KONE Corporation, one of the global leaders in the lift and escalator industry, has signed a contract for the supply of lifts and escalators with the German shipyard Meyer Werft. The contract concerns the supply of vertical transportation solutions for a luxury cruise ship to be built for Norwegian Cruise Line. The yet unnamed Breakaway Plus-class cruise ship, which will carry over 4,000 passengers upon its delivery in 2018, will be built at Meyer Werft's shipyard in Papenburg, Germany.

KONE will design, supply and install altogether 32 lifts and two escalators tailored for passenger and service use. The lift technology will be based on the energy-efficient KONE MonoSpace® and KONE MiniSpace(TM) solutions.

"We are happy to work once again in partnership with the Meyer Werft group and Norwegian Cruise Line on this new and exciting project," says Ari Winter, Head of Marine Business at KONE. "The importance of moving people efficiently on a cruise ship cannot be overstated and we are looking forward to providing our people flow expertise and solutions for another great marine project."

Norwegian Cruise Line, based in Miami, is one of three major global cruise vacation companies and has a 48-year history of breaking the boundaries of traditional cruising. The Papenburg-based Meyer Werft, founded in 1795, has been owned by seven generations of the Meyer family. Today, Meyer Werft is one of the leading shipyards in the cruise ship building segment and has developed one of the most modern production premises in the shipbuilding industry.

The order was booked in the fourth quarter of 2015.

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

April 24, 2015: KONE awarded contract to equip new-generation cruise ship by STX France

January 22, 2015: KONE wins a fourth consecutive Oasis-class cruise ship order

September 20, 2013: KONE to equip third consecutive Oasis-class luxury cruise ship with energy efficient people flow solutions

For further information, please contact:

Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330. media@kone.com

About KONE

KONE is one of the global leaders in the elevator 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 urbanizing environment. KONE provides industry-leading elevators, 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 modernization solutions. In 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com

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