Exel Composites Oyj - Company Announcement

Exel Composites Plc's subsidiary merger entered into Trade Register

EXEL COMPOSITES PLC		STOCK EXCHANGE ANNOUNCEMENT 8.1.2010 at 12.30 

EXEL COMPOSITES PLC'S SUBSIDIARY MERGER ENTERED INTO TRADE REGISTER

The merger of Exel Sports Oy (Business ID 1955851-4) into its parent company
Exel Composites Plc (Business ID 1067292-7) was entered into the Finnish Trade
Register on 31 December 2009. 

Exel Sports Oy's assets and liabilities were transferred to the parent company
Exel Composites Plc without liquidation. No merger consideration was paid for
the merger, as the parent company owned all of the shares of the merging
company. The merger did not cause any amendments to Exel Composite Plc's
Articles of Association. The reason for the merger was the clarification of the
company structure. 


Vantaa, 8 January 2010


Exel Composites Plc

Vesa Korpimies
President and CEO


Further information: 
Vesa Korpimies, President and CEO, Exel Composites Plc,
tel. +358 50 590 6754, or email vesa.korpimies@exelcomposites.com
Ilkka Silvanto, CFO, Exel Composites Plc, 
tel. +358 50 598 9553, or email ilkka.silvanto@exelcomposites.com


DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
Main news media
www.exelcomposites.com


EXEL COMPOSITES IN BRIEF 
Exel Composites is a technology company which designs, manufactures and markets
composite profiles and tubes for industrial applications. The Group is the
leading composite profile manufacturer in the world and concentrates on growing
niche segments. 

The core of the operations is based on own, internally developed composite
technology, product range based on it and a 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 the Small Cap segment of NASDAQ OMX
Helsinki Ltd.