PROPOSAL TO AMEND SECTION 10 OF THE ARTICLES OF ASSOCIATION
The Board of Directors proposes to the Annual General Meeting to be held on 31 March 2010 that Section 10 of the current Articles of Association of the Company be amended to correspond with the Finnish Companies Act in force so that a notice to a general meeting will be delivered no later than three weeks prior to the meeting, however, at least nine days before the record date of the meeting as referred to in Chapter 4, Section 2, Paragraph 2 of the Companies Act.
The new Section 10 is to read as follows:
10 § Invitations to meetings
An invitation to a General Meeting must be delivered to shareholders at the earliest two months and at the latest three (3) weeks before the Meeting, however, at the latest nine (9) days before the record date of the Meeting by publishing the invitation on the Company website or dispatching it to each shareholder by registered mail to the address entered in the shareholders' register or otherwise verifiably in writing.
In order to participate in the Annual General Meeting, a shareholder must so inform the company at the latest on the date stated in the invitation to the Meeting, which cannot be more than ten days before the Meeting.
In Vantaa, on 4th day of March 2010
Exel Composites PLC
Board of Directors