Exel Composites Oyj — Board/Management Information 2021

Oct 1, 2021

Composition of Exel Composites’ Shareholders’ Nomination Board

Composition of Exel Composites’ Shareholders’ Nomination Board

EXEL COMPOSITES PLC      STOCK EXCHANGE RELEASE      1 OCTOBER 2021 at 10:00 EET

The following persons have been appointed as members of Exel Composites’
Shareholders’ Nomination Board:

· Kalle Saariaho, OP Fund Management Company
· Malin Björkmo, Handelsbanken Fonder
· Caroline Sjösten, Swedbank Robur Fonder
· Petteri Vaarnanen, Sp-Fund Management Company

and Reima Kerttula, Chairman of the Board of Directors, Exel Composites Plc, as
an expert member.

The Shareholders’ Nomination Board consists of the representatives of the four
largest shareholders and of the Chairman of the Board of Directors, acting as an
expert member. The largest shareholders entitled to appoint members to the
Nomination Board were determined on the basis of the registered holdings in the
company’s shareholder register held by Euroclear Finland Oy on 30 September
2021. Shares that are included in a shareholder's holdings were calculated in
accordance with Chapter 9, Sections 5 and 6 of the Finnish Securities Markets
Act. Nominee-registered shares were taken into account in the determination of
the largest shareholders.

According to the Charter of the Shareholders’ Nomination Board, approved by the
Annual General Meeting, the Nomination Board prepares the proposals concerning
Board of Directors’ members and their remuneration for the following Annual
General Meeting. The Nomination Board gives its proposal to the Board of
Directors of the company at the latest by 31 January 2022.

Information on Exel Composites’ Nomination Board and its Charter are available
on the company's website at www.exelcomposites.com.

Vantaa, 1 October 2021

Exel Composites Plc
Reima Kerttula, Chairman, Board of Directors

For further information, please contact:

Reima Kerttula, Chairman, Board of Directors
Contact through Mikko Kettunen, 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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