Decisions of the Annual General Meeting of Exel Oyj registered

EXEL OYJ STOCK EXCHANGE RELEASE 21.4.2005 at 10.20 1 (1) DECISIONS OF THE ANNUAL GENERAL MEETING OF EXEL OYJ REGISTERED The decisions made at the Annual General Meeting of Exel Oyj on 14 April 2005 regarding the increase of the number of shares (so-called share split), increase in the share capital through a bonus issue, amendment of the article 4 of the Articles of Association, change of the terms and conditions of the option rights 2001, the authorizations of the Board to increase the Company’s share capital and to convey the Company’s own shares and the new Board of Directors of the Company have been registered into the Trade Register today. The splitted Exel Oyj share (1:2) will be traded on the Helsinki Exchanges as of Friday 22 April 2005. Exel Oyj’s fully paid share capital is now EUR 2,021,400.00, the number of the shares 11,230,000 and the counter-book value of a share EUR 0,18. The number of shares that can be subscribed for with the option rights attached to the option scheme approved by the Annual General Meeting on 28 March 2001 has been changed in the same ratio as the number of shares has been increased so that each option right holder is now entitled to subscribe for two (2) new shares with one (1) option right. The new subscription prices for option rights, adjusted with the dividend from the year 2004, are: 2001 A: EUR 4.11/share 2001 B: EUR 3.86/share Mäntyharju, 21 April 2005 EXEL OYJ Ari Jokelainen President & CEO Further information: Mr. Ari Jokelainen, President & CEO, Exel Oyj, tel. +358 50 590 6750