Exel Composites Oyj — Board/Management Information 2015

Feb 13, 2015

Exel Composites Plc’s Board of Directors has resolved on a new long-term incentive program for the Company Executives

Exel Composites Plc’s Board of Directors has resolved on a new long-term incentive program for the Company Executives

EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 13.2.2015 at 8.50 a.m.

Exel Composites Plc's Board of Directors has resolved on a new long-term
incentive program for the Company Executives

The Board of Directors of Exel Composites Plc has on 12 February 2015 approved
a new incentive program for the executives of the Company. The aim of the new
program is to combine the objectives of the shareholders and the executives in
order to increase the value of the Company, to commit the executives to the
Company and to offer the executives a competitive reward program. The new
program is based on a long-term monetary performance reward, and the program is
targeted at approximately 25 executives for the earning period 2015 − 2017. The
CEO and members of the Group Management Team are included in the target group
of the new incentive program.

The new program includes one earning period, the calendar years 2015 − 2017.
The potential long-term monetary performance reward from the program for the
earning period 2015 - 2017 will be based on the Group's cumulative Economic
Profit and on the Group's Total Shareholder Return (TSR).

The potential reward from the earning period 2015 - 2017 will be paid in 2018.
No reward will be paid to an executive, if his or her employment or service
with the Group Company ends before the reward payment unless the executive is
leaving the Company due to retirement.

The maximum reward to be paid on the basis of the earning period 2015 - 2017
will be EUR 1.5 million.

Vantaa, 13 February 2015

EXEL COMPOSITES PLC

Riku Kytömäki
President and CEO

Further information:
Riku Kytömäki, President and CEO, Exel Composites Plc, tel. +358 50 511 8288,or
email riku.kytomaki@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 leading composite technology
company that designs, manufactures and markets composite products and solutions
for demanding applications. Exel Composites provides superior customer
experience through continuous innovation, world-class operations and long-term
partnerships.

The core of the operations is based on own, internally developed composite
technology, product range based on it and 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 NASDAQ OMX Helsinki Ltd.