Incap - Company Announcement

INCAP STARTS CO-DETERMINATION NEGOTIATIONS REGARDING TEMPORARY LAYOFFS AT VUOKATTI FACTORY

INCAP CORPORATION  Stock Exchange Release  28 February 2007 at 2 p.m.


Incap Corporation has today initiated co-determination negotiations,
which affect all the personnel of the Vuokatti factory as well as the
corporate personnel working in the unit, with the sales excluded.

The eventual actions to be agreed upon in the negotiations will
include temporary layoffs due to production and economic reasons. The
duration of layoffs will be a maximum of 90 days.

In order to improve its profitability Incap will increase its
operational efficiency and adopt its cost structure to comply with
the current demand. Incap started on 11 February 2008
co-determination negotiations regarding materials and purchase
functions as well as the corporate support functions in Finland.

INCAP CORPORATION

Juhani Hanninen
President and CEO


For additional information, please contact:
Hannele Pöllä, Director, Communications and Investor Relations, tel.
+358 40 504 8296

DISTRIBUTION
OMX Nordic Exchange Helsinki
Principal media


INCAP IN BRIEF
Incap Corporation is a fast-growing electronics contract manufacturer
whose comprehensive service covers the entire product life cycle from
design and manufacture to repair and maintenance services. The
company's main customers are leading equipment suppliers in
telecommunications, electrical power technology, the automation and
process industries as well as measurement technology, safety
electronics and health care. The Incap Group's revenue in 2007
amounted to approx. EUR 83 million and the company currently employs
approx. 810 persons. Incap's share is listed on the OMX Nordic
Exchange Helsinki. For additional information, please visit
www.incap.fi