Exel Composites Oyj

Board/Management Information • Mar 1, 2019

Disclosure 369065

Exel Composites Oyj - Changes board/management/auditors

Changes in Exel Composites’ Group Management Team: Mikko Rummukainen appointed SVP, Business Development and member of the Group Management Team

EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 1 MARCH 2019 at 09:00 EET Mr Mikko Rummukainen, 40, has been appointed SVP, Business Development and member of Exel Composites Plc's Group Management Team as of 1 March 2019. He holds a Doctor of Science / D.Sc. (Technology) degree in Physics from Helsinki University of Technology. Mr Rummukainen has worked with Exel Composites since 2011 in various key positions and latest since 2017 as VP, Business Development. Prior to Exel Composites he worked among other things as a Project Manager at August Associates and as a Researcher at Helsinki University of Technology. “Mikko Rummukainen has already earlier had an essential role in managing our Group’s key strategic projects and he has closely collaborated with the Group Management Team. With the appointment we want to give him a full mandate running those strategic projects as a permanent member of Exel Group Management. During 2018 we initiated a cost reduction program to improve Group profitability. Mikko Rummukainen has an important role in implementing the program”, Mr Riku Kytömäki, President and CEO of Exel Composites, says. Vantaa, 1 March 2019 Exel Composites Plc Riku Kytömäki, President and CEO For further information, please contact: Riku Kytömäki, President and CEO tel. +358 50 511 8288 riku.kytomaki@exelcomposites.com Distribution Nasdaq Helsinki Ltd Main news media www.exelcomposites.com Exel Composites in brief Exel Composites is the world’s leading composite technology company that engineers and manufactures composite products and solutions to an extensive range of demanding industrial applications. The core of the business is based on the employees’ high level of expertise and own, internally developed composite technologies, which have been perfected over decades with a steady focus on innovation. With nine manufacturing plants across Europe, Asia, and North America, and a global sales network, Exel Composites is firmly driven by superior customer experience and world-class operations. Headquartered in Finland, Exel Composites employs approximately 650 people globally. The company’s shares are listed on the Nasdaq Helsinki exchange. www.exelcomposites.com