Increase in share capital of Exel Oyj registered in the Finnish Trade Register

EXEL OYJ STOCK EXCHANGE ANNOUNCEMENT 5.4.2006 at 16.00 INCREASE IN SHARE CAPITAL OF EXEL OYJ REGISTERED IN THE FINNISH TRADE REGISTER The increase in the share capital of Exel Oyj with EUR 41,533 to EUR 2,124,115 has been registered in the Finnish Trade Register today 5 April 2006. The increase in share capital has been subscribed by Lemarne Corporation Ltd and it is a part of the payment of the purchase price of Pacific Composites Pty. Ltd realized at the end of February. The increase in share capital was carried out by virtue of authorization given by the Annual General Meeting to the Board of Directors on 14 April 2005. As a result, Exel Oyj’s share capital is EUR 2,124,115 after the increase and the total number of shares is 11,800,643. Exel received a total of EUR 2,788,968 as shareholders’ equity. The holders of the new shares are entitled to all shareholders’ rights from the registration date. The new shares will be listed on Helsinki Stock Exchange’s Main list together with the old shares on 6 April 2006. Mäntyharju, 5 April 2006 EXEL OYJ Ari Jokelainen President & CEO Further information: Mr Ari Jokelainen, President, Exel Oyj, tel. +358 50 590 6750 Exel Oyj is a leading, international Group specialised in composite technology, with a special focus on pultrusion, pull-winding and continuous lamination. The Group’s operations include design, manufacturing and marketing of advanced composite products for industrial applications and consumer goods. Exel’s most well-known consumer products include cross-country, alpine and Nordic Walking poles, antenna radomes and other industrial applications. In 2005 the Group’s net sales totalled EUR 91 million. Exel personnel averages 600. Exel’s share is listed on Helsinki Stock Exchange’s Main List.