EXEL TO ACQIURE FASERPROFIL GMBH?S BUSINESS OPERATIONS

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EXEL OYJ          STOCK EXCHANGE RELEASE     31.3.2005 10.20   1(2)

EXEL TO ACQIURE FASERPROFIL GMBH’S BUSINESS OPERATIONS

Exel Oyj has signed an agreement with regard to the acquisition of the
business operations of the Austria-based Faserprofil GmbH (FAS). The
company manufactures and markets glass-fibre-based special profiles
for example for the electrical and mechanical industries as well as
railway and paper machine industries in Central and Eastern Europe.
Exel will take possession of the business operations as of 1 April
2005.

The company’s production units are located in Kapfenberg, Austria. FAS
employs some 25 persons.

On an annual basis the net sales of FAS are some EUR four million. The
acquisition is expected to increase Exel’s annual net sales with the
corresponding sum.

Exel acquires FAS’ business operations, stocks, machinery and
equipment and patents. The acquisition does not include real estate
property or any debts related to the company’s business. Purchase
price including expenses will be a maximum of some EUR 2.0 million.
The final purchase price is partly contingent on the future net sales
of the operations in question.

The acquisition strengthens Exel’s technology base as FAS’ expertise
relative to epoxy pultrusion and production automation will be
transferred to Exel.

The acquisition further strengthens Exel’s position in the European
pultrusion market, in line with its strategy. FAS’ expertise in epoxy
pultrusion and good machinery complete Exel’s technical know-how and
capacity. FAS’ product range and clientele combined with Exel’s
existing products and distributor network form a comprehensive contact
surface for new customers in Central and Eastern Europe.

Mäntyharju, 31 March 2005


Exel Oyj


Ari Jokelainen
President

Further information:
Mr Ari Jokelainen, President, Exel Oyj, tel. +358 50 590 6750
Mr Vesa Korpimies, Executive Vice President, Exel Oyj,
tel. +358 50 590 6754

www.exel.net



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Exel Oyj is a Finnish company specialised in composite technology. The
Group’s operations consist of sporting goods and industrial
applications. Exel’s best-known products include cross-country and
alpine poles, Nordic Walking poles, surfboard masts, floorball clubs
and industrial profiles in general. The Group’s six factories are
located in Finland, Germany, Belgium and Spain. Over 80% of production
is exported. In 2004 the Group’s net sales totalled EUR 83.9 million.
Exel personnel numbers 450. Exel’s share is listed on Helsinki
Exchanges Main List.




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