Change in the date and venue of Exel's annual general meeting

EXEL OYJ STOCK EXCHANGE ANNOUNCEMENT 31.1.2006 AT 13.30 CHANGE IN THE DATE AND VENUE OF EXEL’S ANNUAL GENERAL MEETING Depart from the date announced earlier Exel Oyj will hold its Annual General Meeting on Thursday 6 April 2006 at 10.00 am. The venue has also changed and the meeting will be held at Satakuntatalo’s festival hall at Lapinrinne 1 A, 00180 Helsinki, Finland. Mäntyharju 31 January 2006 EXEL OYJ Ari Jokelainen President & CEO Further information: Ari Jokelainen, President, tel. +358 50 590 6750 Ilkka Silvanto, CEO, tel. +358 50 598 9553 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 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 the Main List of the Helsinki Stock Exchange. Further information: www.exel.net.