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                   4.6.2012      
  at 9.00            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 based on holding the
Company's shares. The new program includes matching shares and a long-term
monetary performance reward, and the program is targeted at 18 executives for
the earning period 2012-2014. 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 2012-2014. The
prerequisite for the participation in the matching shares component is that the
executive owns the Company's shares in accordance with the decision by the
Board of Directors. The potential long-term monetary performance reward from
the program for the earning period 2012-2014 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 2012-2014 will be paid in 2015.

The maximum reward to be paid on the basis of the earning period 2012-2014 will
correspond to the value of up to 900,000 EUR for the monetary performance
reward and up to 30,000 Exel Composites Plc shares for the matching shares
reward. 



Vantaa, 4 June 2012

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.