EXEL OYJ STOCK EXCHANGE RELEASE     15.9.2004 at 11.15         1 (1)
EXEL OYJ’S EXTRAORDINARY GENERAL MEETING
Exel Oyj’s Extraordinary General Meeting decided than an extra
dividend of EUR 0.50 per share be paid for the financial year which
ended on 31 December 2003. The dividend will be paid to shareholders
registered in the Company’s shareholder register maintained by the
Finnish Central Securities Depository Ltd on 20 September 2004. The
dividend will be paid on 27 September 2004.
Mäntyharju, 15 September 2004


EXEL OYJ

Board of Directors

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



Exel Oyj is a Finnish company specialised in composite technology.
The Group’s operations consist of sporting goods and industrial
applications. Exel’s best-known products include cross-country and
alpine poles, Nordic Walking poles, surfboard masts, floorball clubs
and industrial profiles in general. The Group’s six factories are
located in Finland, Germany, Belgium and Spain. Over 80% of
production is exported. In 2003 the Group’s net sales totalled EUR
57.3 million. Exel personnel numbers 450. Exel’s share is listed on
Helsinki Exchanges main list.