Exel Composites' Annual Report 2010 and Corporate Governance Statement published

EXEL COMPOSITES PLC   STOCK EXCHANGE RELEASE           3.3.2010   at 9.45    1 (1)

EXEL COMPOSITES’ ANNUAL REPORT 2010 AND CORPORATE GOVERNANCE STATEMENT PUBLISHED

Exel Composites Plc has today issued its Annual Report 2010 and Corporate Governance Statement on the Company’s website at www.exelcomposites.com.

The Corporate Governance Statement has been prepared in accordance with the recommendation of the Finnish Corporate Governance Code. The statement as a PDF is attached to this release.

Vantaa, 3 March 2011

EXEL COMPOSITES PLC

Vesa Korpimies

President and CEO

FURTHER INFORMATION:

Vesa Korpimies, President and CEO, tel. +358 50 590 6754, or email vesa.korpimies@exelcomposites.com

Ilkka Silvanto, CFO and Administrative Director, tel. +358 50 598 9553, or email ilkka.silvanto@exelcomposites.com

DISTRIBUTION

DASDAQ OMX Helsinki Ltd.

Main news media

www.exelcomposites.com

EXEL COMPOSITES IN BRIEF 

Exel Composites 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.

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