Exel Composites Oyj - Changes board/management/auditors

Change in the Group Management Team of Exel Composites

EXEL COMPOSITES PLC      STOCK EXCHANGE RELEASE      18 MAY 2022 at 15:30 EET

Mikko Rummukainen (D.Sc. (Tech.)), currently SVP, Business Development, and
member of the Group Management Team at Exel Composites, has been appointed CFO
of the company effective as of 1 August 2022. As of the same date, the CFO’s
responsibilities will also include the business development responsibilities.
Rummukainen joined Exel Composites in 2011 and in the Group Management Team
since 2019.

“Mikko has extensive experience of different roles in Exel Composites over more
than ten years, including the one of Business Unit Manager in Finland. I am
happy that a strong internal successor provides for a smooth transition. I wish
him the best of success in his new role”, President and CEO Riku Kytömäki says.

Vantaa, 18 May 2022

Exel Composites Plc
Riku Kytömäki
President and CEO

Reima Kerttula

Chairman of the Board of Directors

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

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 750 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.

Attachments:

05185660.pdf