Exel Composites Oyj - Company Announcement

Co-determination negotiations concluded in the Joensuu unit of the Exel Composites Group

EXEL COMPOSITES PLC                           STOCK EXCHANGE RELEASE 23.11.2012
at 8.30             1 (1) 

CO-DETERMINATION NEGOTIATIONS CONCLUDED IN THE JOENSUU UNIT OF THE EXEL
COMPOSITES GROUP 

Co-determination negotiations concerning the Joensuu unit of the Exel
Composites Group have been concluded. 

The negotiations were based on the employer's negotiation proposal. The
negotiations concerned the non-salaried employees of the Joensuu unit. It was
estimated that a maximum of 9 employment contracts be terminated. 

No employment contracts will be terminated as a result of the negotiations. The
necessary cost savings will be achieved by laying off the personnel group in
question for a maximum of 90 days. 

The development of the market situation is monitored at all times in the Group,
and if necessary, measures will be taken rapidly. 



Vantaa, 23 November 2012

EXEL COMPOSITES PLC

Vesa Korpimies
President and CEO



Further information:
Mr. Vesa Korpimies, President and CEO, Exel Composites Plc, tel. +358 50 590
6754, or email vesa.korpimies@exelcomposites.com 
Mr. 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.