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Completion of the sale of Exel Sports Outdoor business to Karhu Sports

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EXEL OYJ  STOCK EXCHANGE RELEASE  30 May 2008 at 4.00 pm   1 (1)


COMPLETION OF THE SALE OF EXEL SPORTS OUTDOOR BUSINESS TO KARHU SPORTS

In the stock exchange release published on 2 May 2008, Exel disclosed an
agreement under which Exel sells its Sports Outdoor business to Karhu Sports. 

The conditions of closing have now been met, and the transaction has been
completed with effect as of 1 June 2008. 
 
The business transfer streamlines the business structure of Exel Group and
increases the focus on the core industrial activities. 


Vantaa, 30 May 2008 

EXEL OYJ


Vesa Korpimies
President and CEO

Further information:
Vesa Korpimies, President and CEO, Exel Oyj, tel. +358 50 590 6754 or e-mail:
vesa.korpimies@exel.net 


DISTRIBUTION
OMX Nordic Exchanges Helsinki
Main news media
www.exel.net


Exel is a technology company which designs, manufactures and markets composite
profiles and tubes for industrial applications and sports equipment. 

The personnel's expertise and high level of technology play a major role in
Exel's operations. The core of the operations is based on own, internally
developed composite technology, product range based on it and the domination of
selected market segments with a strong quality and brand image. The Company's
growth is based on permanent search of new applications and development in
co-operation with customers. Exel concentrates on niche segments and on
profitable growth. Exel's share is listed in the Small Cap segment of the OMX
Exchanges/Helsinki Nordic list.

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