2022-12-02 15:00:00 CET

2022-12-02 15:00:12 CET


REGULATED INFORMATION

English
Exel Composites Oyj - Major shareholder announcements

Exel Composites Plc: Announcement regarding change in shareholdings


EXEL COMPOSITES PLC    STOCK EXCHANGE RELEASE    2 DECEMBER 2022 at 16:00 EET

Exel Composites Plc has on 2 December 2022 received a disclosure under Chapter
9, Section 5 of the Finnish Securities Markets Act according to which the
holding of OP-Finland Small Firms Fund has exceeded 5% of the voting rights and
share capital in Exel Composites Plc. The total shareholding of investment funds
administrated by OP-Rahastoyhtiö Oy has not changed. The shareholding change is
due to merger of OP-Suomi Mikroyhtiöt -erikoissijoitusrahasto to OP-Finland
Small Firms Fund.

Through share transactions concluded on 30 November 2022, the holding of OP
-Finland Small Firms Fund amounts to 760,119 shares representing 6.39% of the
shares and voting rights of the Company. The earlier holding of OP-Finland Small
Firms Fund was 4.54% of the shares and voting rights of Exel Composites Plc.

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



For further information, please contact:

Mikko Rummukainen, CFO
tel. +358 40566 2623

mikko.rummukainen@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.

Exel Composites Plc