EXEL COMPOSITES PLC | STOCK EXCHANGE RELEASE, INSIDE INFORMATION | 6 NOVEMBER 2025 AT 12:50 PM EET

Exel Composites and De Angeli Prodotti sign a multi-year frame agreement for supply of composite conductor cores with a EUR 25 million minimum volume commitment

Exel Composites has signed a multi-year frame agreement with Italian conductor specialist De Angeli Prodotti for supply of composite conductor cores. The agreement covers deliveries spanning four years and includes a minimum volume commitment of EUR 25 million to Exel during the contract period. Deliveries under the agreement are scheduled to begin in the first quarter of 2026.

"De Angeli Prodotti is a respected innovator in overhead conductors, and we value our long-standing collaboration with Dr. Luca Mora and his team," says Paul Sohlberg, President and CEO of Exel Composites. "The energy transition, electrification, and sustainability requirements are driving growth in this space and composite core conductors are a perfect fit with Exel's strategy in the long term."

"Demand for advanced conductors is accelerating, and it is a pleasure to capture this growth together with our long-time partner Exel Composites," says Luca Mora, President of De Angeli Prodotti. "This frame agreement secures solid fundamentals to guarantee a high level of service and capacity for our customers as they plan and deliver grid upgrades."

Composite conductor cores are the central strength member of an overhead transmission conductor and are a growing application for carbon fiber composites as they offer superior properties compared to traditional materials. Composite cores allow overhead power lines to carry more current, waste less energy and sag less while achieving longer spans, enabling utilities to add capacity on existing lines without rebuilding.

Exel will manufacture the cores using continuous pultrusion and quality-controlled processes that deliver consistent mechanical performance. The orders will be fulfilled from Exel's global manufacturing network according to project schedules agreed with De Angeli Prodotti.

More information

Lauri Haavisto, Investor Relations Director
investor@exelcomposites.com
+358 20 754 1214

About Exel Composites

Exel Composites is one of the largest manufacturers of composite profiles and tubes made with pultrusion and pullwinding technologies and a pultrusion technology forerunner in the global composite market. 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 in diverse industrial sectors such as wind power, transportation and building and infrastructure. Our R&D expertise, collaborative approach and global footprint set us apart. Our composite solutions help customers save resources, reduce products' weight, improve performance and energy efficiency and decrease total lifetime costs.

Exel Composites is headquartered in Finland, employs over 600 professionals and is listed on Nasdaq Helsinki. Learn more at www.exelcomposites.com

About De Angeli Prodotti

De Angeli Prodotti is a leading manufacturer of copper and aluminum conductors for electrical and mechanical applications. Since 1995 the company has focused on quality and innovation across insulated and enameled wires and overhead power line conductors. Headquartered in Italy and serving European and Mediterranean markets, De Angeli Prodotti invests in research and close collaboration with customers to deliver customized, high-quality solutions across the full production chain from wire rod to finished conductors. Learn more at www.deangeliprodotti.com