EXEL OYJ’S Q4 PERFORMANCE AND FINANCIAL STATEMENTS BULLETIN 2005

EXEL OYJ STOCK EXCHANGE RELEASE 27.2.2006 at 9.25am EXEL OYJ’S Q4 PERFORMANCE AND FINANCIAL STATEMENTS BULLETIN 2005 Summary - Net sales for the financial year increased to EUR 91.3 (83.9) million or 8.9% over the previous year - Net sales in Q4 were EUR 21.9 (19.8) million - Operating profit for the financial year was EUR 12.4 (13.7) million, down 9.6% over the previous year, representing 13.6% (16.3%) of net sales - Operating profit in Q4 was EUR 2.2 (3.3) million, representing 9.9% (16.8%) of net sales - Earnings per share were EUR 0.76 (0.80) adjusted for full dilution - Net interest-bearing liabilities increased to 8.2 (7.4) million, whilst net gearing improved to 30.2% (36.0%) - Industrial profiles market very active - Industry Division experienced excellent growth in operating profit in 2005, up 37.8% to EUR 10.8 (7.8) million as a result of increased volumes and improved efficiency - Operating profit in Sport Division decreased to EUR 1.6 (5.9) million as a result of increased competition and oversupply in the Nordic Walking segment in the Central European markets - The Board of Directors proposes to increase the dividend to EUR 0.40 (0.35) per share - Exel becomes the world’s first global pultrusion company by acquiring Pacific Composites The release can be read in full in the attached pdf-file.