Exel Composites Plc: Correction: Announcement regarding change in shareholdings

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EXEL COMPOSITES PLC     STOCK EXCHANGE RELEASE   26 NOVEMBER 2019 at 15:10 EET

Exel Composites Plc has received a correction from Danske Bank A/S to the flagging disclosure published on 22 November 2019. According to the correction there has not been a change in shares owned by Danske Bank A/S. On 21 November 2019, the aggregated indirect holding of Danske Bank A/S was 546,650 shares representing 4.59% of the shares and voting rights of the Company.

Total positions of Danske Bank A/S:

% of shares and   voting rights % of shares and   voting rights through financial instruments Total of both in % Total number of   shares and voting rights of issuer
Resulting   situation on the date on which threshold was crossed or reached 4.59492 4.59492 11,896,843.00
Position   of previous notification (if applicable) 6.8224 6.8224

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

Class/type of shares ISIN code Number of shares and voting rights % of shares and voting rights
Direct Indirect Direct Indirect
FI0009007306 546,650 4.59492
SUBTOTAL 546,650 4.59492

Vantaa, 26 November 2019

Exel Composites Plc

Mikko Kettunen
CFO

For further information, please contact:
Mikko Kettunen, CFO
tel. +358 50 347 7462
mikko.kettunen@exelcomposites.com

Distribution
Nasdaq Helsinki Ltd
Main news media
www.exelcomposites.com

Exel Composites in brief

Exel Composites, a global technology company headquartered in Finland, is the world’s largest manufacturer of pultruded and pull-wound composite solutions. Our global manufacturing, R&D, and sales footprint serves customers across a broad range of industries and applications. With 60 years of composites experience and engineering expertise, we work closely with our customers to design and manufacture high quality composite solutions using carbon fiber, fiberglass, and other high-performance materials. Our composites help reduce weight, improve performance, and decrease total life cycle costs, all while helping increase energy efficiencies and supporting environmental sustainability.

Exel Composites employs approximately 650 innovative and customer-focused employees around the world and is listed on the Nasdaq Helsinki exchange. To find out more about our offering and company please visit www.exelcomposites.com.

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