EF Team Sports becomes Exel Floorball brands' license holder

EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 29.1.2010 at 13.10 EF TEAM SPORTS BECOMES EXEL FLOORBALL BRANDS’ LICENSE HOLDER Exel sold its Floorball business to Cape Nordic in March 2009. The transaction included a long-term licensing agreement related to the use of the Exel brand together with other floorball brands. Exel has terminated the license agreement with Cape Nordic. Exel Composites Plc has entered into a new license agreement of the above mentioned floorball brands with EF Team Sports Oy, who will continue the Floorball business with the brands in question as from 30 January 2010. EF Team Sports Oy and ESB Sports Oy, the holder of Exel’s Outdoor business license, have the same main owner, Mr. Pertti Keskitalo. The Outdoor business consists mainly of poles for skiing, Nordic Walking and Nordic Blading. “We are confident that having the same entrepreneur, Mr. Keskitalo, for Outdoor and Floorball businesses will enhance product development, coordination and international promotion of the Exel brand ”, Mr. Vesa Korpimies, President and CEO of Exel Composites, says. “I am very pleased to bring Exel Outdoor and Floorball businesses under the same group. Exel is the leading floorball brand and we will continue to develop it further”, Mr. Pertti Keskitalo, CEO of EF Team Sports Oy and ESB Sports Oy. The parties have agreed not to disclose the value of the agreement. The agreement is not expected to have a material impact on the result of the Exel Group. Vantaa, 29 January 2010 Exel Composites Plc Vesa Korpimies President and CEO FURTHER INFORMATION: Vesa Korpimies, President and CEO, Exel Composites Plc, tel. +358 50 590 6754, or email vesa.korpimies@exelcomposites.com Ilkka Silvanto, CFO, Exel Composites Plc, tel. +358 50 598 9553, or email ilkka.silvanto@exelcomposites.com DISTRIBUTION NASDAQ OMX Helsinki Ltd. Main news media www.exelcomposites.com EXEL COMPOSITES IN BRIEF Exel Composites is a technology company which designs, manufactures and markets composite profiles and tubes for industrial applications. The Group is the leading composite profile manufacturer in the world and concentrates on growing niche segments. The core of the operations is based on own, internally developed composite technology, product range based on it and a strong market position in selected segments with a strong quality and brand image. Profitable growth is pursued by a relentless search for new applications and development in co-operation with customers. The personnel’s expertise and high level of technology play a major role in Exel Composites’ operations. Exel Composites Plc share is listed in the Small Cap segment of NASDAQ OMX Helsinki Ltd.