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Regulatory press release

Change in Exel Composites' Group Management Team

Exel Composites
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EXEL COMPOSITES PLC               STOCK EXCHANGE RELEASE               31 AUGUST 2023 at 10:00 EET

Exel Composites has appointed Johanna Tuomisto, Senior Vice President, People and Culture, as a member of the Group Management Team as of 1 September 2023. Tuomisto reports to President and CEO Paul Sohlberg.

Tuomisto worked as HR Director at Nanoform Finland Plc before joining Exel Composites, and has held several leadership roles in HR for example at Finnvera Oyj and Thermo Fisher Scientific Oy. Tuomisto holds a Master of Laws (LL.M) degree.

"Johanna has vast experience and expertise from senior HR roles and in-depth expertise in talent management and coaching. Her versatile background is valuable to us in developing our people and company culture. I warmly welcome Johanna to our Group Management Team," says Paul Sohlberg, President and CEO at Exel Composites.

For further information, please contact:

Sanna Ahvenniemi, Head of Investor Relations, tel. +38 40864 3000, sanna.ahvenniemi@exelcomposites.com

Exel Composites in brief

At Exel Composites, we use over 60 years' experience to solve challenges and help customers save resources. Our forward-thinking composite solutions made with continuous manufacturing technologies serve customers in a wide range of industries around the world. You can find our products used in applications from wind power and transportation to building and infrastructure.

Our collaborative approach and global footprint set us apart from our competition. We use our expertise to help customers reduce weight, improve performance and energy efficiency and decrease total lifetime costs. We want to be the first choice for sustainable composite solutions globally.

Headquartered in Finland, Exel Composites employs approximately 750 forward-thinking professionals around the world and is listed on Nasdaq Helsinki. To find out more about our offering and company please visit www.exelcomposites.com.

Exel Composites Plc

Attachment: Johanna Tuomisto picture

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