Incap - Company Announcement

Incap Corporation's convertible loan 2012

Incap Corporation        Stock Exchange Release

25 May 2012 at 4:30 p.m.

INCAP CORPORATION'S CONVERTIBLE LOAN 2012

Incap Corporation's Board of Directors has in its meeting on 25 May 2012 decided
to issue a convertible loan at a nominal value of EUR 2,916,000 based on the
authorisation given in the Annual General Meeting held on 11 April 2012. The
convertible loan is a part of the financing solution, which was disclosed by the
company on 22 May 2012. The financing solution included the rearrangement of the
company's convertible loan, which was released in the year 2007, in the way that
a part of the holders of the convertible loan will convert the loan into a new
convertible loan.

The issue rate of the convertible loan is 100% and an annual fixed interest of
7% will be paid on the loan after each 12-month period.

Incap Corporation's Board of Directors has in its meeting on 25 May 2012
approved the subscriptions of the new convertible loan. The convertible loan
includes a right to subscribe for a maximum total of 7,112,195 new shares of the
company. The subscription price for each new share is EUR 0.41. The subscription
period commences when the option rights attached to the convertible loan have
been entered into the trade register, and ends on 30 April 2017.

The convertible loan will expire on 25 May 2017 unless the loan is redeemed,
converted to shares or bought back before. Incap has the right to redeem the
convertible loan by its nominal value, added by the cumulative interest provided
that the closing price of Incap's share during a certain period of time is at
least 125% of the conversion price and the holder of the convertible loan has
not used its right of conversion.


INCAP CORPORATION

Sami Mykkänen
President and CEO

Additional information:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Kirsti Parvi, CFO, tel. +919 90 204 2813
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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