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

KONE Corporation, pressrelease, June 1, 2018

KONE, a global leader in the elevator andescalator industry, has once again been ranked as one of theworld's most innovative companies in 2018, by business magazineForbes. It is the eighth annual list of its kind, whichdemonstrates creative disruption and innovation. This year, KONEranked 59th making it the 7th most innovative company in Europe.KONE is also the only elevator and escalator company featured onthe list.

"We are proud to have been recognized for ourinnovation approach by Forbes. At KONE, technological disruptionand changing customer expectations provide us great opportunitiesto add value for customers in new ways and differentiate from thecompetition," says Henrik Ehrnrooth, KONE President and CEO. "Wealso recognize that as urbanization continues to generate new needsfor buildings and infrastructure, I am excited at the potentialahead for KONE to continue developing completely new experiencestogether with our customers."

Some of KONE's recent breakthrough innovationsinclude KONE 24/7 Connected Services which uses cutting edgetechnologies to bring safety, transparency and predictability toservices for elevators and escalators, predicting faults beforethey happen and monitoring equipment in real time. Earlier thisyear, the company also introduced a new digital platform to createintegrated and tailored solutions for its customers and transformthe people flow experience in buildings and cities. The company'sinnovative KONE UltraRope® elevator hoisting technology eliminatesdisadvantages of much heavier traditional steel ropes, and enableselevator travel heights of up to 1,000 meters.

The rating is based on an innovation premium: thedifference between companies' market capitalization and the netpresent value of cash flows from existing businesses. The full listof the world'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