Exel Oyj's Annual General Meeting and financial calendar in 2005

EXEL OYJ STOCK EXCHANGE ANNOUNCEMENT 16.12.2004 at 12.30 1(1) EXEL OYJ’S ANNUAL GENERAL MEETING AND FINANCIAL CALENDAR IN 2005 Exel Oyj’ s Annual General Meeting will be held on Wednesday 14 April 2005 at 10.00 am in the Marski room of the World Trade Center at Aleksanterinkatu 17, Helsinki, Finland. Exel will publish its financial statement bulletin on Thursday 24 February 2005 at approximately 11 am and its Annual Report on week 10. In 2005 Exel will publish interim reports as follows: - January – March on Tuesday 3 May 2005 at approx. 11 am - January – June on Tuesday 26 July 2005 at approx. 11 am - January – September on Thursday 3 November 2005 at approx. 11 am Stock exchange releases will be published in Finnish and in English. After publication the releases can be found on the Company’s website at www.exel.net. Mäntyharju, 16 December 2004 EXEL OYJ Ari Jokelainen President & CEO Further information: Mr Ari Jokelainen, President, tel. +358 50 590 6750