Exel Composites Oyj

Major Shareholding Notification • May 31, 2024

Disclosure 447553

Exel Composites Oyj - Major shareholder announcements

Exel Composites Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act

EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 31 MAY 2024 AT 21:50 EEST Exel Composites Plc has on 31 May 2024 received a notification pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which the holding of funds managed by OP Fund Management Company Ltd has decreased below 5% of the voting rights and share capital in Exel Composites Plc. Through share transactions concluded on 30 May 2024, the holding of funds managed by OP Fund Management Company Ltd amounts to 502,804 shares representing 4.23% of the shares and voting rights of Exel Composites Plc. The previous holding of funds managed by OP Fund Management Company Ltd represented 6.39% of the shares and voting rights of Exel Composites Plc. Exel Composites has a total of 11,896,843 shares. The company has only one class of shares, each share entitling to one vote. Total position of OP Fund Management Company Ltd referred to in the notification: +----------------+------+-----------+-----+----------------------+ | |% of |% of shares|Total|Total number of shares| | |shares|and voting |of |and voting rights of | | |and |rights |both |issuer | | |voting|through | | | | |rights|financial | | | | | |instruments| | | +----------------+------+-----------+-----+----------------------+ |Resulting |4.23% | |4.23%|11,896,843 | |situationafter | | | | | |reaching | | | | | |or exceeding the| | | | | |flagging | | | | | |threshold | | | | | +----------------+------+-----------+-----+----------------------+ |Position of |6.39% | |6.39%| | |previous | | | | | |notification | | | | | +----------------+------+-----------+-----+----------------------+ Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rights +------------+-------------+-----------------+---------------------------+-+ |Share |Number of |% of shares and voting rights| |class/type |shares and | | |(ISIN) |voting rights | | +------------+-------------+-----------------+---------------------------+-+ |Direct (FSMA|Indirect |Direct (FSMA 9:5)|Indirect (FSMA 9:6 and 9:7)| |9:5) |(FSMA 9:6 and| | | | |9:7) | | | +------------+-------------+-----------------+---------------------------+-+ |FI0009007306|502,804 | |4.23% | | +------------+-------------+-----------------+---------------------------+-+ |Subtotal A |502,804 |4.23% | +------------+-------------+-----------------+---------------------------+-+ Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity: +-----------+-----------+-----------------------------+-------------+ |Name |% of shares|% of shares and voting rights|Total of both| | |and voting |through financial instruments| | | |rights | | | +-----------+-----------+-----------------------------+-------------+ |OP Fund |0.00% | |0.00% | |Management | | | | |Company Ltd| | | | +-----------+-----------+-----------------------------+-------------+ |OP-Finland |4.23% | |4.23% | |Small Firms| | | | |Fund | | | | +-----------+-----------+-----------------------------+-------------+ For further information, please contact: Lilli Riikonen, Head of Investor Relations investor@exelcomposites.com tel. +358 50 351 1128 Exel Composites in brief Exel Composites is one of the largest manufacturers of composite profiles and tubes made with pultrusion and pullwinding technologies and a pultrusion technology forerunner in the global composite market. Our forward-thinking composite solutions made with continuous manufacturing technologies serve customers in a wide range of industries around the world. You can find our products used in applications in diverse industrial sectors such as wind power, transportation and building and infrastructure. Our R&D expertise, collaborative approach and global footprint set us apart from our competition. Our composite solutions help customers save resources, reduce products' weight, improve performance and energy efficiency, and decrease total lifetime costs. We want to be the first choice for sustainable composite solutions globally. Headquartered in Finland, Exel Composites employs over 600 forward-thinking professionals around the world and is listed on Nasdaq Helsinki. To find out more about our offering and company please visitwww.exelcomposites.com. Exel Composites Plc