Exel Composites Oyj — Major Shareholding Notification 2016

Nov 2, 2016

Exel Composites Plc: Flagging notification in accordance with the Finnish Securities Market Act Chapter 9 Section 5 regarding change in shareholdings

Exel Composites Plc: Flagging notification in accordance with the Finnish Securities Market Act Chapter 9 Section 5 regarding change in shareholdings

EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 2 NOVEMBER 2016 at 15.30 EET

Exel Composites Plc: Flagging notification in accordance with the Finnish
Securities Market Act Chapter 9 Section 5 regarding change in shareholdings

Exel Composites Plc has on 2 November 2016 received a disclosure under Chapter
9, Section 5 of the Finnish Securities Markets Act, according to which the
direct holding of SEB Investment Management AB exceeds 5% of the voting rights
and share capital in Exel Composites Plc.

According to the notification, on 2 November SEB’s fund company in Luxembourg
turns into a branch of SEB’s Swedish fund company, SEB Investment Management
AB. This means holdings that were previously disclosed to financial supervisory
authorities separately for each fund company, will hereinafter be disclosed
solely by SEB Investment Management AB. Due to the new branch structure, more
disclosures than usual will occur in the beginning of November, when the
holdings are added together. Thus, it is a consequence of the new branch
structure, and not the result of active investment decisions.

On 2 November 2016 the total holding of SEB Investment Management AB amounts to
1,020,300 shares representing 8.58% of the shares and voting rights of Exel
Composites.

Exel Composites has a total of 11,896,843 shares. There is only one class of
shares, each share entitling one vote.

Vantaa, 2 November 2016

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 (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 Helsinki Ltd.