Incap - Company Announcement

INCAP LOWERS ITS RESULT ESTIMATE FOR THE YEAR 2008

Incap Corporation  Stock Exchange Release  3 February 2009 at 9 a.m.

Based on the restructuring of the company's production Incap
recognises a total of approx. EUR 0.9 million of non-recurring
expenses in its fourth quarter result 2008. The restructuring is
connected with the reorganisation programme, which was launched in
2008 and aims at clear improvement of profitability.

After the recognition, Incap Group's full-year operating profit 2008
will according to preliminary calculations be approx. EUR 3.8 million
negative. Incap has previously on 5 November 2008 estimated the
full-year operating profit from operations to be approx. EUR 2.8
million negative.

Based on preliminary calculations, Incap Group's full-year revenue in
2008 is approx. EUR 93 million or about 12% higher than in 2007. This
is in line with the previous guidance, according to which the revenue
was estimated to be clearly higher than in 2007.

Incap will publish its financial statement for 2008 on Wednesday 25
February 2009.

INCAP CORPORATION

Sami Mykkänen
President and CEO

Further information:
Sami Mykkänen, President and CEO, Tel. +358 40 559 9047
Eeva Vaajoensuu, CFO, Tel. +358 40 763 6570
Hannele Pöllä, Director, Communications and HR, 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 new competitiveness as a strategic partner.
Incap has operations in Finland, Estonia and India. The Group's
revenue in 2007 amounted to EUR 83 million and the company currently
employs approximately 730 people. Incap's share is listed on the
NASDAQ OMX Helsinki. Additional information: www.incap.fi.