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Disclosure under Chapter 2, Section 10 of the Finnish Securities Markets Act

9.1.2009 10:30 EET
EXEL OYJ  STOCK EXCHANGE RELEASE    9.1.2009 at 10.30

DISCLOSURE UNDER CHAPTER 2, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT

Exel Oyj has received from Veikko Laine Oy the attached notification referred
to in Chapter 2, Section 9 of the Finnish Securities Markets Act on a change in
holdings. 


Vantaa, 9 January 2009 

Exel Oyj


Vesa Korpimies
President and CEO


FURTHER INFORMATION:
Mr. Vesa Korpimies, President, Exel Oyj, tel. +358 50 590 6754, or email
vesa.korpimies@exel.net 
Mr. Ilkka Silvanto, CFO, Exel Oyj, tel. +358 50 598 9553, or email
ilkka.silvanto@exel.fi 


ATTACHMENT
Veikko Laine Oy's notification 


DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
Main news media
www.exel.net



NOTIFICATION REFERED TO IN CHAPTER 2, SECTION 9 OF THE FINNISH SECURITIES
MARKETS ACT ON A CHANGE OF HOLDINGS 

The holdings of Veikko Laine Oy have exceeded 1/20 of the voting rights and
share capital in Exel Oyj. 

Under Chapter 2, Section 9, of the Securities Markets Act, we hereby notify the
Financial Supervisory Authority and Exel Oyj of the following: 

1. Name of the company in which holdings have been acquired
Exel Oyj

2. Reason for the notification
Share purchases made yesterday 8 January 2009 

3. Date of change in holdings
8 January 2009 

4. Exact proportion of voting rights and share capital in Exel Oyj
Holdings by Veikko Laine Oy in Exel Oyj are now as follows:
Number of shares: 618 896
Proportion of share capital: 5.2%
Proportion of voting rights: 5.2%

The share capital of Exel Oyj comprises a total of 11 896 843 shares entitling
to a total of 11 896 843 votes. 

5. Shareholder's complete name, business identity code
Veikko Laine Oy, business identity code 0110592-0. 


Exel is a technology company which designs, manufactures and markets composite
profiles and tubes for industrial applications and sports equipment. 

The personnel´s expertise and high level of technology play a major role in
Exel´s operations. The core of the operations is based on proprietary,
internally developed composite technology, product range based on it and the
domination of selected market segments with a strong quality and brand image.
The Company´s growth is based on permanent search of new applications and
development in co-operation with customers. Exel concentrates on niche segments
and on profitable growth. Exel's share is listed in the Small Cap segment of
NASDAQ OMX Helsinki Ltd. 
Exel Composites Oyj, Vantaa head office, Mäkituvantie 5, FI-01510 Vantaa, Finland