Exel Composites Oyj — AGM Information 2021

Mar 23, 2021

Resolutions of the Exel Composites Annual General Meeting 2021

Resolutions of the Exel Composites Annual General Meeting 2021

EXEL COMPOSITES PLC      STOCK EXCHANGE RELEASE      23 MARCH 2021 at 09:30 EET

The Annual General Meeting, AGM, of Exel Composites Plc was held on 23 March
2021 in the company’s premises in Vantaa, Finland. The AGM adopted the financial
statements, reviewed the Remuneration Report 2020, and discharged the members of
the Board of Directors and the company’s President and CEO from liability for
the financial year 2020.

In addition, the AGM adopted the following resolutions:

Dividend

The AGM decided that a dividend of EUR 0.20 per share be paid for the financial
year that closed on 31 December 2020. The dividend will be paid to shareholders
registered in the Company's shareholder register maintained by Euroclear Finland
Ltd. on the record date for dividend payment, 25 March 2021. The dividend will
be paid on 1 April 2021.

Composition of the Board of Directors and remuneration

The AGM confirmed the number of members of the Board of Directors to be five. Re
-elected members of the Board of Directors are Petri Helsky, Reima Kerttula,
Helena Nordman-Knutson, Jouko Peussa and Kirsi Sormunen. Reima Kerttula
continues as Chairman of the Board of Directors.

The AGM confirmed the annual remuneration for the Board members as follows:
yearly remuneration of EUR 43,000 for the Chairman of the Board of Directors and
additionally EUR 1,500 for attendance at Board and committee meetings and other
similar all-day Board assignments, and the other Board members be paid a yearly
remuneration of EUR 20,000 and additionally EUR 1,000 for attendance at Board
and committee meetings and other similar all-day Board assignments. For
committee meetings, the meeting fee for the committee chairman shall be EUR
1,500. Out of the yearly remuneration 60% would be paid in cash and 40% in Exel
Composites Plc shares.

Auditor

Ernst & Young Oy, Authorized Public Accountants, with Ms Johanna Winqvist-Ilkka,
APA, having the principal responsibility, was re-elected as auditor of the
Company for the term that will continue until the end of the next Annual General
Meeting.

Authorization for the repurchase and/or on the acceptance as pledge of the
Company's own shares

The AGM authorized the Board of Directors to decide on the repurchase and/or on
the acceptance as pledge of the Company’s own shares by using unrestricted
equity. The maximum amount to be acquired is 600,000 shares in total. The
authorization is effective until the end of the next Annual General Meeting,
however no longer than until 30 June 2022. The full authorization decision is
available on the company's website at www.exelcomposites.com.

Vantaa, 23 March 2021

Exel Composites Plc
Board of Directors

For further information, please contact:
Riku Kytömäki, President and CEO
tel. +358 50 511 8288
riku.kytomaki@exelcomposites.com

Mikko Kettunen, CFO
tel. +358 50 347 7462
mikko.kettunen@exelcomposites.com

Distribution
Nasdaq Helsinki Ltd
Main news media
www.exelcomposites.com

Exel Composites in brief

At Exel Composites, we use over 60 years’ experience to solve challenges and
help customers save resources. 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 from
wind power and transportation to building and infrastructure.

Our collaborative approach and global footprint set us apart from our
competition. We use our expertise to help customers reduce 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 approximately 650 forward
-thinking professionals around the world and is listed on Nasdaq Helsinki. To
find out more about our offering and company please visit
www.exelcomposites.com.

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