Exel Composites Oyj — Board/Management Information 2018

May 28, 2018

Changes in Exel Composites’ group management team

Changes in Exel Composites’ group management team

EXEL COMPOSITES PLC            STOCK EXCHANGE RELEASE            28 May 2018 at
09:45 EET
Olli Tevä appointed SVP Sales & Marketing, Kari Loukola appointed SVP Exel
Composites Americas and President of DSC

Mr. Olli Tevä, 47, has been appointed SVP, Sales & Marketing and member of Exel
Composites Plc's Group Management Team as of 1 August 2018. He holds an M.Sc. in
Electrical Engineering from Helsinki University of Technology.

Mr. Tevä has wide management experience in Sales, Marketing and Aftersales
Service functions from industrial companies. His latest position was Global
Sales Director in Ensto Utility Networks BU. Prior to Ensto he worked 10 years
with Vacon Oyj where he held positions of Marketing Director Renewable energy,
Regional Vice President for Sales in Middle East, India, South East Asia and
Pacific, and Vice President for Global After-market services and Centers of
Excellence (the last position in merged Vacon Oyj and Danfoss drives). Prior to
that he worked amongst other things at Vaisala Oyj in sales and product
management roles.

With immediate effect Mr. Kari Loukola, 55, M.Sc. Eng, M.Sc. Econ, has been
appointed as SVP Exel Composites Americas with the P&L and growth responsibility
of the region. Additionally, he will assume the Company president role of the
recently acquired USA based company Diversified Structural Composites Inc.
(DSC). Kari Loukola will continue holding the SVP Sales and Marketing role until
the end of July 2018 when Olli Tevä starts in that role. Kari continues to be
member of Exel Composites Group Management team and reporting directly to
President and CEO.

“In order to continue executing Exel Composites’ growth strategy, we are now
able to strengthen our Management Team with Olli Tevä, who has a solid track
record growing sales in international industrial companies and demonstrating
great marketing skills. At the same time we can dedicate Kari Loukola full time
to the profitability turnaround of DSC and growing the business in the Americas
with full utilization of cross-selling opportunities and synergies within the
Group”, Mr. Riku Kytömäki, President and CEO of Exel Composites, says.

Vantaa, 28 May 2018

Exel Composites Plc
Riku Kytömäki, President & CEO
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

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 employees' expertise and high level of technology play a major
role in Exel Composites’ operations. Exel Composites Plc share is listed in
Nasdaq Helsinki Ltd.