Exel Composites Oyj — Capital/Financing Update 2019

Jul 18, 2019

Disclosure 373408

Exel Composites Oyj - Other information disclosed according to the rules of the Exchange

Exel Composites Plc launches a domestic commercial paper program

EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 18 JULY 2019 at 09:00 EET Exel Composites Plc has signed a contract for a EUR 50 million domestic commercial paper program. Within the framework of the contract, the company may issue commercial papers with maturities of under one year. The financing arrangement broadens Exel Composites’ financing base and secures the Group's normal investment and working capital financing. The program is arranged by Nordea Bank Plc, OP Corporate Bank Plc and Danske Bank A/S, Finland branch. Vantaa, 18 July 2019 Exel Composites Plc Mikko Kettunen, CFO For further information, please contact: 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 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