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      30 May 2013               
at 15.05 p.m.  1 (1) 

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 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 2013 − 2015. 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 2013 − 2015.
The potential long-term monetary performance reward from the program for the
earning period 2013 - 2015 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 2013 - 2015 will be paid in 2016.
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 2013 - 2015
will be one million EUR. 



Vantaa, 30 May 2013



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 (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.