Exel Composites Oyj - Company Announcement

Exel Composites Plc's Board of Directors has resolved on a new long-term incentive program for the Company executives

EXEL COMPOSITES PLC     STOCK EXCHANGE RELEASE      12 February 2014         at
8.50 a.m. 

EXEL COMPOSITES PLC'S BOARD OF DIRECTORS HAS RESOLVED ON A NEW LONG-TERM
INCENTIVE PROGRAM FOR THE COMPANY EXECUTIVES 

The Board of Directors of Exel Composites Plc has on 11 February 2014 approved
a new incentive program for the executives of the Company. The aim of the new
program is to combine the objectives of the shareholders and the executives in
order to increase the value of the Company, to commit the executives to the
Company and to offer the executives a competitive reward program. The new
program is based on a long-term monetary performance reward, and the program is
targeted at approximately 20 executives for the earning period 2014 − 2016. The
members of the Group Management Team are included in the target group of the
new incentive program. 



The new program includes one earning period, the calendar years 2014 − 2016.
The potential long-term monetary performance reward from the program for the
earning period 2014 - 2016 will be based on the Group's cumulative Economic
Profit and on the Group's Total Shareholder Return (TSR). 

The potential reward from the earning period 2014 - 2016 will be paid in 2017.
No reward will be paid to an executive, if his or her employment or service
with the Group Company ends before the reward payment. 

The maximum reward to be paid on the basis of the earning period 2014 - 2016
will be one million EUR. 



Vantaa, 12 February 2014

EXEL COMPOSITES PLC

Riku Kytömäki
President and CEO



Further information:
Riku Kytömäki, President and CEO, Exel Composites Plc, tel. +358 50 511 8288,or
email riku.kytomaki@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 (www.exelcomposites.com) 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. 

The Exel Composites Plc share is listed in the Small Cap segment of NASDAQ OMX
Helsinki Ltd.