Exel Composites Plc has on 22 November 2019 received a disclosure under Chapter 9, Section 5 of the Finnish Securities Markets Act according to which the indirect holding of Danske Bank A/S has exceeded 5% of the voting rights and share capital in Exel Composites Plc.

Through share transactions concluded on 21 November 2019 the indirect holding of Danske Bank A/S amounts to 811,650 shares representing 6.82% of the shares and voting rights of the Company.

Exel Composites has a total of 11,896,843 shares. There is only one class of shares, each share entitling one vote.

•  Financial Statements Release 2019: 18 February 2020 at approximately 9:00 EET
•  Business Review January - March: 6 May 2020 at approximately 9:00 EET
•  Half-year Financial Report January - June: 21 July 2020 at approximately 10:00 EET
•  Business Review January - September: 30 October 2020 at approximately 9:00

Annual Financial Report, Corporate Governance Statement and Remuneration Statement for 2019 will be published on 28 February 2020 in electronic format at th

•  Malin Björkmo, Handelsbanken Fonder
•  Rami Hakola, Danske Invest Fund Management
•  Kalle Saariaho, OP Fund Management Company
•  Magnus Skåninger, Swedbank Robur Fonder

and Reima Kerttula, Chairman of the Board of Directors, Exel Composites Plc, as an expert member.

Exel Composites Plc has signed a contract for a EUR 50 million domestic commercial paper program. Within the framework of the contract, the company may issue commercial papers with maturities of under one year.

The financing arrangement broadens Exel Composites' financing base and secures the Group's normal investment and working capital financing.

The program is arranged by Nordea Bank Plc, OP Corporate Bank Plc and Danske Bank A/S, Finland branch.

Vantaa, 18 July 2019

Exel Composites Plc
Mikko Kettunen, CFO