Exel Composites Plc: Announcement regarding change in shareholdings

EXEL COMPOSITES PLC          STOCK EXCHANGE RELEASE          7 JUNE 2023 at 16:00 EET

Exel Composites Plc has on 7 June 2023 received a disclosure under Chapter 9, Section 5 of the Finnish Securities Markets Act according to which the holding of Handelsbanken Fonder AB has decreased below 5% of the voting rights and share capital in Exel Composites Plc.

Through share transactions concluded on 5 June 2023, the holding of Handelsbanken Fonder AB amounts to 577,153 shares representing 4.85% of the shares and voting rights of the Company. The earlier holding of Handelsbanken Fonder AB was 5.05% of the shares and voting rights of Exel Composites Plc.

Exel Composites has a total of 11,896,843 shares. There is only one class of shares, each share entitling one vote.

For further information, please contact:

Mikko Rummukainen, CFO
tel. +358 40 566 2623

mikko.rummukainen@exelcomposites.com

Exel Composites in brief

At Exel Composites, we use over 60 years’ experience to solve challenges and help customers save resources. Our forward-thinking composite solutions made with continuous manufacturing technologies serve customers in a wide range of industries around the world. You can find our products used in applications from wind power and transportation to building and infrastructure.

Our collaborative approach and global footprint set us apart from our competition. We use our expertise to help customers reduce weight, improve performance and energy efficiency and decrease total lifetime costs. We want to be the first choice for sustainable composite solutions globally.

Headquartered in Finland, Exel Composites employs approximately 750 forward-thinking professionals around the world and is listed on Nasdaq Helsinki. To find out more about our offering and company please visit www.exelcomposites.com.

Exel Composites Plc