Exel Composites Oyj - Company Announcement

EF Team Sports becomes Exel floorball brands' license holder

EXEL COMPOSITES PLC	STOCK EXCHANGE RELEASE	29.1.2010 at 13.10

EF TEAM SPORTS BECOMES EXEL FLOORBALL BRANDS' LICENSE HOLDER 

Exel sold its Floorball business to Cape Nordic in March 2009. The transaction
included a long-term licensing agreement related to the use of the Exel brand
together with other floorball brands. Exel has terminated the license agreement
with Cape Nordic. 

Exel Composites Plc has entered into a new license agreement of the above
mentioned floorball brands with EF Team Sports Oy, who will continue the
Floorball business with the brands in question as from 30 January 2010. 

EF Team Sports Oy and ESB Sports Oy, the holder of Exel's Outdoor business
license, have the same main owner, Mr. Pertti Keskitalo. The Outdoor business
consists mainly of poles for skiing, Nordic Walking and Nordic Blading. 

“We are confident that having the same entrepreneur, Mr. Keskitalo, for Outdoor
and Floorball businesses will enhance product development, coordination and
international promotion of the Exel brand ”, Mr. Vesa Korpimies, President and
CEO of Exel Composites, says. 

“I am very pleased to bring Exel Outdoor and Floorball businesses under the
same group. Exel is the leading floorball brand and we will continue to develop
it further”, Mr. Pertti Keskitalo, CEO of EF Team Sports Oy and ESB Sports Oy. 

The parties have agreed not to disclose the value of the agreement. The
agreement is not expected to have a material impact on the result of the Exel
Group. 



Vantaa, 29 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.