KONE listed as one of the world's most innovative companies by Forbes

KONE Corporation, press release, June 1,2018

KONE, a global leader in the elevator and escalator industry,has once again been ranked as one of the world's most innovativecompanies in 2018, by business magazine Forbes. It is the eighthannual list of its kind, which demonstrates creative disruption andinnovation. This year, KONE ranked 59th making it the 7th mostinnovative company in Europe. KONE is also the only elevator andescalator company featured on the list.

"We are proud to have been recognized for our innovationapproach by Forbes. At KONE, technological disruption and changingcustomer expectations provide us great opportunities to add valuefor customers in new ways and differentiate from the competition,"says Henrik Ehrnrooth, KONE President and CEO. "We also recognizethat as urbanization continues to generate new needs for buildingsand infrastructure, I am excited at the potential ahead for KONE tocontinue developing completely new experiences together with ourcustomers."

Some of KONE's recent breakthrough innovations include KONE 24/7Connected Services which uses cutting edge technologies to bringsafety, transparency and predictability to services for elevatorsand escalators, predicting faults before they happen and monitoringequipment in real time. Earlier this year, the company alsointroduced a new digital platform to create integrated and tailoredsolutions for its customers and transform the people flowexperience in buildings and cities. The company's innovative KONEUltraRope® elevator hoisting technology eliminates disadvantages ofmuch heavier traditional steel ropes, and enables elevator travelheights of up to 1,000 meters.

The rating is based on an innovation premium: the differencebetween companies' market capitalization and the net present valueof cash flows from existing businesses. The full list of theworld's most innovative companies can be seen on Forbes' website.

For further information, please contact:
Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358204 75 4330 media@kone.com

Read more:
Previous press releases are available at http://www.kone.com/en/news-and-insights/releases/including:

March 1, 2018: KONE introduces new digital platform and renewsits products and services portfolio to better meet theopportunities of a connected world
January 30, 2018: KONE wins UltraRope order for Karlatornet, set tobecome the tallest building in the Nordics
February 8, 2017: KONE revolutionizes elevator maintenance with newcustomizable KONE Care(TM) service offering and 24/7 ConnectedServices

About KONE
At KONE, our mission is to improve the flow of urban life. As aglobal leader in the elevator and escalator industry, KONE provideselevators, escalators and automatic building doors, as well assolutions 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 2017, KONE had annualnet sales of EUR 8.9 billion, and at the end of the year over55,000 employees. KONE class B shares are listed on the NasdaqHelsinki Ltd. in Finland. www.kone.com