Exel Composites Oyj

Board/Management Information • Nov 26, 2009

Disclosure 274179

Exel Composites Oyj - Changes board/management/auditors

Exel Composites' Group Management Team reinforced - Lasse Orre appointed SVP Sales

EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 26.11.2009 at 10.30 1 (1) EXEL COMPOSITES' GROUP MANAGEMENT TEAM REINFORCED - LASSE ORRE APPOINTED SVP SALES Mr. Lasse Orre, 47, has been appointed Senior Vice President Sales and member of Exel Composites Plc's Management Group as of 1 February 2010. He holds a B.Sc. in Engineering. Mr. Orre was formerly employed by Bombardier AG where he worked as Sales & Marketing Director China. Before Bombardier he worked at Enics AG as Director, Global Account Management and at Elcoteq APAC as Director of Operations & NPI. “The appointment of Lasse Orre is in line with Exel's strategy to expand its international operations and to reinforce the sales. His extensive international experience in Asia, Europe and the USA in sales, business development and operations will be an excellent complement to Exel”, Vesa Korpimies, CEO of Exel Composites, says. Vantaa, 26 November 2009 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 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.