Exel Plc's new name, Exel Composites Plc, entered into trade register

EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 23.4.2009 at 12.30

EXEL PLC’S NEW NAME, EXEL COMPOSITES PLC, ENTERED INTO TRADE REGISTER

Based on the decision of Exel’s Annual General Meeting on 16 April 2009, the change of Exel Plc’s business name (Business ID: 1067292-7) was entered into the Trade Register today. The Company’s new name is Exel Composites Plc in English and Exel Composites Oyj in Finnish.

The choice of name Exel Composites reflects the Company’s evolution from an industrial division within Exel, through expansion and several acquisitions, to a purely business-to-business company which is no longer involved in the sports consumer business.

The change of name supports Exel Composites’ strategic goal to continue to be the world’s first international pultrusion company. Exel Composites has production plants in Austria, Australia, Belgium, China, Finland, Germany and the UK.

Exel will remain the Company’s secondary company name.


Vantaa, 23 April 2009

EXEL COMPOSITES PLC


Vesa Korpimies
President and CEO


Further information:
Vesa Korpimies, President and CEO, Exel Composites Plc, tel. +358 50 590 6754
Ilkka Silvanto, CFO, Exel Composites Plc, tel. +358 50 598 9553



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.