EXEL OYJ?S ANNUAL GENERAL MEETING AND FI

EXEL OYJ STOCK EXCHANGE ANNOUNCEMENT 3.12.2003 at 13.00        1(1)

EXEL OYJ’S ANNUAL GENERAL MEETING AND FINANCIAL CALENDAR IN 2004

Exel Oyj’s Annual General Meeting will be held on Wednesday 14 April
2004 at 10.00 am in the Marski room of the World Trade Center at
Aleksanterinkatu 17, Helsinki, Finland.

Exel will publish its financial statement bulletin on Tuesday 24
February 2004 at approximately 11 am and its Annual Report on Thursday
11 March 2004.

In 2004 Exel will publish interim reports as follows:

-        January – March on Thursday 29 April 2004 at approx. 11 am
-        January – June on Thursday 22 July 2004 at approx. 11 am
-        January – September on Tuesday 2 November 2004 at approx. 11
am

Stock exchange releases will be published in Finnish and in English.
After publication the releases can be found on the Company’s web site
at www.exel.net.

Mäntyharju, 3 December 2003

EXEL OYJ


Ari Jokelainen
President & CEO


Further information:
Mr Ari Jokelainen, President, tel. +358 50 590 6750