KONE to modernize and maintain equipment at 360 Collins Street, a prestigious office building in Melbourne, Australia

June 10, 2015

KONE Corporation, press release, June 10, 2015

KONE, a global leader in the elevator and escalator industry, has been selected by DEXUS Property Group (DEXUS) as its key modernization and maintenance provider for 360 Collins Street, one of Melbourne's most prestigious office buildings. The order will ensure smooth flow of tenants and visitors in all of the 39 floors of the building.

KONE is entrusted with the task of modernizing and servicing 16 elevators at 360 Collins Street. With KONE EcoDisc® technology, the elevator machines are considerably smaller and generate significantly less heat than conventional hoisting mechanisms. KONE will also install to the building KONE Access(TM) solution, a smart access control system, to provide a safe and comfortable working environment for the tenants.

Located in the heart of Melbourne's business district, 360 Collins Street has a total net lettable area of approximately 44,000 square meters. The building has a 3 star NABERS (The National Australian Built Environment Rating System) Energy rating and all units modernized by KONE are equipped with the latest energy-efficient technology to help 360 Collins Street to reduce its carbon footprint and eliminate energy inefficiencies.

"Eco-efficiency is a strong element of 360 Collins Street and we are pleased to bring our smartest and greenest people flow solutions to one of Melbourne's most interesting addresses," says KONE's Neeraj Sharma, Executive Vice President, Asia-Pacific and Middle East.

The upgrade work is expected to begin in August 2015 with completion scheduled for July 2017.

The order was booked in the first quarter of 2015.

Previously published press releases are available at www.kone.com/press including:
November 24, 2014: KONE wins order for luxury hotel development in Perth, Australia
November 5, 2014: KONE to equip Collins Square, one of Australia's largest mixed-used development with sustainable people flow solutions
September 1, 2014: KONE wins order for high-rise apartments in Sydney, Australia
January 20, 2014: KONE wins order for residential high-rises in Sydney, Australia

For further information, please contact:
Liisa Kivelä, Director, External 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 2014, KONE had annual net sales of EUR 7.3 billion, and at the end of the year over 47,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland.