Co-determination negotiations of the Finnish units of the Exel Composites Group to be continued

EXEL COMPOSITES PLC                           STOCK EXCHANGE RELEASE 20.6.2013 at 7.30              1 (1)

CO-DETERMINATION NEGOTIATIONS OF THE FINNISH UNITS OF THE EXEL COMPOSITES GROUP TO BE CONTINUED

Co-determination negotiations concerning the Finnish units of the Exel Composites Group were started on 13 May 2013. The negotiations concern all the salaried and non-salaried employees working in the Finnish units.

According to the original time schedule the negotiations were to be concluded during week 26. However, a decision has been taken to continue the negotiations until mid-August 2013 with the aim of concluding them during week 33.

Vantaa, 20 June 2013

EXEL COMPOSITES PLC  

Vesa Korpimies
President and CEO

Further information:
Mr. Vesa Korpimies, President and CEO, Exel Composites Plc, tel. +358 50 590 6754, or email vesa.korpimies@exelcomposites.com
Mr. Ilkka Silvanto, CFO, Exel Composites Plc, tel. +358 50 598 9553, or email ilkka.silvanto@exelcomposites.com

DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
Main news media
www.exelcomposites.com

EXEL COMPOSITES IN BRIEF 
Exel Composites (www.exelcomposites.com) is a technology company which designs, manufactures and markets composite profiles and tubes for industrial applications. The Group is the leading composite profile manufacturer in the world and concentrates on growing niche segments.

The core of the operations is based on own, internally developed composite technology, product range based on it and a 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.

The Exel Composites Plc share is listed in the Small Cap segment of NASDAQ OMX Helsinki Ltd.