Incap - Company Announcement

INCAP'S COOPERATION NEGOTIATIONS IN FINLAND

Incap Corporation   Stock Exchange Release   27 October 2009, 3 p.m.

Incap convened negotiations in accordance with the Cooperation Act on
5 October 2009 in order to restructure operations and gain savings in
costs. The negotiations resulted in temporary layoffs of the
personnel in Finland for one week in December 2009 and one week in
January 2010 due to production and financial reasons. Furthermore,
the need for additional temporary layoffs of the personnel in Group
services and in the Helsinki and Vaasa factories will be considered
monthly as from January 2010, and the eventual layoffs will take
place in February-May 2010 with the maximum total duration being 64
working days.

The white-collar workers in the Vuokatti factory will be laid off for
three weeks by the end of January 2010. The negotiations with the
blue-collar workers in Vuokatti are continued by
mid of November.

INCAP CORPORATION

Sami Mykkänen
President and CEO

Further information:
Sami Mykkänen, President and CEO, Tel. +358 40 559 9047
Hannele Pöllä, Director, Communications and HR, Tel. +358 40 504 8296

DISTRIBUTION
Nasdaq OMX Helsinki Ltd.
Principal media


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 are leading equipment
suppliers in energy efficiency and well-being technology, for which
the company produces competitiveness as a strategic partner. Incap
has operations in Finland, Estonia and India. The Group's revenue in
2008 amounted to around EUR 94 million, and the company currently
employs approximately 770 people. Incap's shares are listed on the
NASDAQ OMX Helsinki. For additional information, please visit our
website, www.incap.fi.