Appointment Exel Sports

Mr. Chris Griffin appointed Vice President Sales NA to boost Exel Sports NA’s Sales in North America November 22, 2005 Exel incorporated the marketing, sales, logistics and product development of its Sport division’s consumer products (Nordic Fitness Sports™, floorball and winter sports) into a separate company, Exel Sports Oy, in April 2005. Mr. Griffin will be responsible for Exel Sports NA’s sales in Canada and the US with a focus on key accounts and partnerships in order to leverage additional business through sporting goods stores and retail chains and to strengthen Exel brand awareness in North America. Moreover, Mr. Griffin will continue to oversee business development for Asia-Pacific, the UK and Oceania. ”In line with our plans to continue our North American expansion and accelerate our development there, the appointment of Mr. Griffin as VP of Sales for North America, will complete our team based in Georgia, VT. We strongly believe that his acquired experience and knowledge over the past three years as our International Sales Manager will greatly strengthen our market positions and boost our sales in the near future”, says Managing Director Mika Sulin. Further information: Mr. Mika Sulin, Managing Director, Exel Sports Oy, tel. +358 40 527 8101 Exel Oyj is a Finnish company specialised in composite technology. The Group’s operations consist of sporting goods and industrial applications. Exel Sport Oy is focusing on the sales, marketing and distribution of sporting consumer products and its a wholly-owned subsidiary of Exel Oyj. 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 seven factories are located in Finland, Germany, Belgium, Austria 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. Further information: www.exelsports.net.