Incap - Company Announcement

Incap is streamlining its organisation to ensure the achievement of business targets

Incap Corporation
Stock Exchange Release    11 November  2013 at 4.45 p.m. (EET)


INCAP IS STREAMLINING ITS ORGANISATION TO ENSURE THE ACHIEVEMENT OF BUSINESS
TARGETS

Incap Corporation has today concluded the co-operative negotiations, which were
launched on 30 September 2013 with the personnel working at corporate services
in Finland. The target of the negotiations was to find out means to improve the
cost structure in the way that ensures the achievement of business targets.

A total of 19 employees were included in the negotiations. As a result,
employment contracts of 11 persons will be terminated. Most of the remaining
tasks will be transferred to factory organisations, rearranged or combined with
other tasks in the company.

Incap will renew the corporate structure as a part of its turnaround program
launched in October 2013. After the reorganisation Incap will have a streamlined
central organisation providing the factories with services in Finance, HR and
IT. There will be three factories: Tumkur in India, Kuressaare in Estonia and
Vaasa in Finland. The factories will operate as self-sufficient profit centres
focusing on providing the best manufacturing services to customers.


INCAP CORPORATION

Fredrik Berghel
President and CEO

Additional information:
Fredrik Berghel, tel. +46 73 202 2210
Susanna Pyykkö, HR Manager, tel. +358 40 143 3957

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 2012
amounted to EUR 64.1 million, and the company currently employs approximately
570 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional
information: www.incap.fi.


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