Incap - Company Announcement

Incap Corporation's Board of Directors decided on private placement

Incap Corporation   Stock Exchange Release
11 April 2012 at 1.45 p.m.

INCAP CORPORATION'S BOARD OF DIRECTORS DECIDED ON PRIVATE PLACEMENT

Incap Corporation's Board of Directors has decided on a private placement on the
basis of the authorisation issued by the Annual General Meeting on 13 April
2011. The private placement is a part of the financing arrangement prepared by
the company, aiming to improve the company's equity ratio and solvency and to
ensure the continued development of the company. The on-going negotiations on
the financing cover the renewal of the company's convertible bond maturing in
May and the ensuring of sufficient additional funding for business operations,
among others.

The company will issue a total of 2,168,100 new shares to the major shareholders
of the company. The new shares amount to approximately 11.6% of all shares in
the company prior to the share issue.

The issue of new shares deviates from the pre-emptive right of the current
shareholders by way of offering the right to subscribe for new shares entirely
to the company's major shareholders. There is a significant financial reason for
the company to deviate from shareholders' pre-emptive subscription rights
because the purpose of the private placement is to improve the company's
solvency and reinforce the company's financing structure through a quick, low-
cost arrangement.

A subscription price of EUR 0.35 shall be paid for each share to the company.
The amount paid will be recognised in full in the reserve for invested non-
restricted equity. The new shares convey a right to dividend and other
shareholder's rights as from the registration of the new shares.

All of the new shares offered in the share issue have been subscribed today, and
the Board of Directors has approved the subscriptions. From the persons closely
related to the company, Kalevi Laurila, the Chairman of the Board of Directors
of Incap, has subscribed for the new shares.

The company aims to register the new shares in the Trade Register as soon as
possible. Incap will file an application for the admission of the new shares to
public trading on the Helsinki Stock Exchange and will draw up a prospectus for
this purpose.


INCAP CORPORATION

Sami Mykkänen
President and CEO

Additional information:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Kirsti Parvi, CFO, tel. +358 50 517 4569
Hannele Pöllä, Director, Communications and Investor Relations, tel.
+358 40 504 8296

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.incap.fi

INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose
comprehensive services cover the entire life-cycle of electromechanical products
from design and manufacture to maintenance services. Incap's customers include
leading equipment suppliers in energy-efficiency and well-being technologies,
for which the company produces competitiveness as a strategic partner. Incap has
operations in Finland, Estonia, India and China. The Group's revenue in 2011
amounted to around EUR 68.9 million, and the company currently employs
approximately 730 people. Incap's share is listed on the NASDAQ OMX Helsinki.
Additional information: www.incap.fi.

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