*SHARES SUBSCRIBED WITH BOND WITH WARRAN

HEX HELSINKI     SECURITIES TRADING    RELEASE 357/2003
                 SHARES                18 December 2003

SHARES SUBSCRIBED WITH BOND WITH WARRANT: EXEL PLC

A total of 43 800 Exel Plc's shares have been subscribed
with the Exel Plc's A/B warrants attached to the bond
with warrants issued in 1998. The shares will be traded
on the Helsinki Exchanges as old shares as of 19 December
2003.

Identifiers of Exel Plc's share:


Trading code:                 EXL1V
ISIN code:                    FI0009007306
Number of shares:             5 343 100

HELSINKI EXCHANGES
Pekka Peiponen


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

Subscribe