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Regulatory press release

Exel Composites' Annual Financial Report 2022 published

Exel Composites
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EXEL COMPOSITES PLC      ANNUAL FINANCIAL REPORT       9 March 2023 at 09:00 EET

Exel Composites' Annual Financial Report, Remuneration Report and Corporate Governance Statement for 2022 have been published today. The Annual Financial Report includes the Board of Directors' Report, the review by the President and CEO, the consolidated financial statements, the financial statements of the parent company and the auditor's report.

Exel Composites publishes the financial statements in accordance with the European Single Electronic Format (ESEF) reporting requirements. The format of the report is XHTML. In line with the ESEF requirements, the primary statements and notes to the financial statements have been tagged with iXBRL markups. The audit firm Ernst & Young Oy has issued an independent auditor's reasonable assurance report on Exel Composites' ESEF Financial Statements.

The Annual Financial Report, Remuneration Report, Corporate Governance Statement and the ESEF Financial Statements are attached to this release and are also available on the company's website at www.exelcomposites.com.

For further information, please contact:
Sanna Ahvenniemi, Head of Investor Relations

tel. +358 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 700 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

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