PKV:SHARES SUBSCRIBED WITH BOND WITH WAR

HELSINKI EXCHANGES            TRADING NEWS PKV48/2003
Securities Trading            7 March 2003


SHARES SUBSCRIBED WITH BOND WITH WARRANT: EXEL PLC

A total of 4 400 Exel Plc's shares have been subscribed
with the Exel Plc's A warrants attached to the bond with
warrants issued in 1998. The shares will be traded on the
Helsinki Exchanges as old shares as of 10 March 2003.
The increase in the share capital has been entered into
the Trade Register 7 March 2003.

Identifiers of Exel Plc's share as of 10 March 2003:


Trading code:                 EXL1V
ISIN code:                    FI0009007306
Number of shares:             5 299 300

About Us

Exel Composites (www.exelcomposites.com) is a leading composite technology company that designs, manufactures and markets composite products and solutions for demanding applications. Exel Composites provides superior customer experience through continuous innovation, world-class operations and long-term partnerships. The core of the operations is based on own, internally developed composite technology, product range based on it and 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 Nasdaq Helsinki Ltd.

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