EXEL OYJ’S Q4 PERFORMANCE AND FINANCIAL STATEMENTS BULLETIN 2005

EXEL OYJ STOCK EXCHANGE RELEASE 27.2.2006 at 9.25am EXEL OYJ’S Q4 PERFORMANCE AND FINANCIAL STATEMENTS BULLETIN 2005 Summary - Net sales for the financial year increased to EUR 91.3 (83.9) million or 8.9% over the previous year - Net sales in Q4 were EUR 21.9 (19.8) million - Operating profit for the financial year was EUR 12.4 (13.7) million, down 9.6% over the previous year, representing 13.6% (16.3%) of net sales - Operating profit in Q4 was EUR 2.2 (3.3) million, representing 9.9% (16.8%) of net sales - Earnings per share were EUR 0.76 (0.80) adjusted for full dilution - Net interest-bearing liabilities increased to 8.2 (7.4) million, whilst net gearing improved to 30.2% (36.0%) - Industrial profiles market very active - Industry Division experienced excellent growth in operating profit in 2005, up 37.8% to EUR 10.8 (7.8) million as a result of increased volumes and improved efficiency - Operating profit in Sport Division decreased to EUR 1.6 (5.9) million as a result of increased competition and oversupply in the Nordic Walking segment in the Central European markets - The Board of Directors proposes to increase the dividend to EUR 0.40 (0.35) per share - Exel becomes the world’s first global pultrusion company by acquiring Pacific Composites The release can be read in full in the attached pdf-file.

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Exel Oyj on komposiittisia urheiluvälineitä ja teollisuusprofiileja suunnitteleva, valmistava ja markkinoiva teknologiayritys. Exelin liiketoiminta muodostuu Sport- ja Teollisuus-liiketoiminnoista. Henkilöstön osaaminen ja korkea teknologian taso ovat avainasemassa Exel Oyj:n toiminnassa. Liiketoiminnan ytimen muodostaa itse kehitetty komposiittiteknologia, siihen perustuva tuotteisto ja valittujen markkinasegmenttien hallinta vahvalla laatu- ja tuotemerkki-imagolla. Jatkuva uusien sovelluskohteiden etsiminen ja kehitys yhteistyössä asiakkaiden kanssa mahdollistavat yrityksen kasvun. Exel panostaa valituille kapeille sektoreille sekä kannattavaan kasvuun. Exel Oyj is a technology company which designs, manufactures and markets composite sports equipment and industrial applications. Exel's operations comprise two divisions: Sport and Industry. 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.

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