2018-05-16 KONE wins first KONE UltraRope® order in North America for 110 North Wacker Drive in Chicago Loop business district (2)

KONE Corporation, press release, May 16, 2018

KONE, a global leader in the elevator and escalator industry, has won an order to provide elevators for a 54-story tower at 110 North Wacker Drive in the Chicago Loop business district. The project marks the North American debut of KONE UltraRope®, a revolutionary elevator hoisting technology that sets a new benchmark for high-rise buildings.

The super-light rope provides unrivalled elevator eco-efficiency, reliability and durability while also improving elevator performance. KONE UltraRope can enable elevator travel heights of up to one kilometer (3,300 feet).

"This groundbreaking solution supports the design of more sustainable, higher-performance buildings that are better equipped to meet the demands of the urban environments of tomorrow," says Larry Wash, executive vice president, KONE Americas. "KONE UltraRope and our combination of smart building technologies will help deliver a superior ride experience worthy of this world-class property."

The tower will be approximately 244 meters (800 feet) in height and contain 149,000 square meters (1.6 million square feet) of space, alongside exceptional amenities. KONE will provide 30 traction elevators and 10 turnstiles for the project.

Specifically, the building will house 24 KONE Mini-Space(TM) passenger elevators with high performance cars: the elevators will operate at speeds of up to eight meters per second (1,600 feet per minute). Also included will be the following smart building solutions: KONE Destination, KONE Access, KONE InfoScreens, KONE RemoteCall(TM) and fully-integrated KONE Turnstiles that assign an elevator at the point of entry through the building's smart lobby.

KONE will also provide four energy-efficient machine room-less passenger elevators, and two service elevators. The service elevators are innovative, 3,600-kg (8,000-lb.) units, which travel at speeds of up to six meters per second (1,200 feet per minute) and feature KONE UltraRope.

KONE is tentatively scheduled to begin elevator installation during Q1 of 2019 and be complete in Q4 of 2020. 110 North Wacker Drive is scheduled for completion in Q4 of 2020.

The project is a joint development between owners The Howard Hughes Corporation and Riverside Investment & Development Company. Goettsch Partners is the project architect. Clark Construction Group - Chicago, LLC, is the general contractor.

KONE booked the order in the first quarter of 2018.

For further information, please contact:

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

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KONE UltraRope®

Previous press releases are available at www.kone.com/press including:

March 15, 2018: KONE wins order for Eglinton Crosstown project in Toronto Light Rail expansion

January 30, 2018: KONE wins UltraRope order for Karlatornet, set to become the tallest building in the Nordics

January 17, 2018: First KONE UltraRope in the UK to be installed in South Quay Plaza, a residential tower in London

About KONE

At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2017, KONE had annual net sales of EUR 8.9 billion, and at the end of the year over 55,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

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