Exel Composites Oyj

Board/Management Information • Jun 13, 2013

Disclosure 307818

Exel Composites Oyj - Changes board/management/auditors

Exel Composites' Group Management Team reinforced - Kari Loukola appointed VP Sales & Marketing

EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 13.6.2013 at 11.30 1 (1) EXEL COMPOSITES' GROUP MANAGEMENT TEAM REINFORCED - KARI LOUKOLA APPOINTED VP SALES & MARKETING Mr. Kari Loukola, 50, has been appointed Vice President Sales & Marketing and member of Exel Composites Plc's Group Management Team as of 1 August 2013. He holds an M.Sc. in Economics and an M.Sc.in Engineering. The last 20 years Mr. Loukola has been employed by Nokia and Nokia Siemens Network in several management positions of sales and marketing, where his latest position was Head of Business Development for the Japanese market. “The appointment of Kari Loukola is in line with Exel Composites' strategy targeting reinforced sales and profitable growth. His extensive international experience in sales, marketing, business development and operations will be an excellent complement to the Company”, Vesa Korpimies, CEO of Exel Composites, says. Vantaa, 13 June 2013 Exel Composites Plc Vesa Korpimies President and CEO FURTHER INFORMATION: Vesa Korpimies, President and CEO, Exel Composites Plc,tel. +358 50 590 6754, or email vesa.korpimies@exelcomposites.com Ilkka Silvanto, CFO, Exel Composites Plc, tel. +358 50 598 9553, or email ilkka.silvanto@exelcomposites.com DISTRIBUTION NASDAQ OMX Helsinki Ltd. Main news media www.exelcomposites.com EXEL COMPOSITES IN BRIEF Exel Composites (www.exelcomposites.com) is a technology company which designs, manufactures and markets composite profiles and tubes for industrial applications. The Group is the leading composite profile manufacturer in the world and concentrates on growing niche segments. The core of the operations is based on own, internally developed composite technology, product range based on it and a strong market position in selected segments with a strong quality and brand image. Profitable growth is pursued by a relentless search for new applications and development in co-operation with customers. The personnel's expertise and high level of technology play a major role in Exel Composites' operations. Exel Composites Plc share is listed in the Small Cap segment of NASDAQ OMX Helsinki Ltd.