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 is the world’s leading composite technology company that engineers and manufactures composite products and solutions to an extensive range of demanding industrial applications. The core of the business is based on the employees’ high level of expertise and own, internally developed composite technologies, which have been perfected over decades with a steady focus on innovation. With nine manufacturing plants across Europe, Asia, and North America, and a global sales network, Exel Composites is firmly driven by superior customer experience and world-class operations. Headquartered in Finland, Exel Composites employs approximately 650 people globally. The company’s shares are listed on the Nasdaq Helsinki exchange. www.exelcomposites.com

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