Incap - Company Announcement

INCAP SELLS ITS SUBSIDIARY OPERATING IN THE MANUFACTURE OF ETCHED SHEET-METAL PRODUCTS

Incap Corporation         Stock Exchange Release      16 July 2008 at
1 p.m.


Incap Corporation has today signed an agreement to sell the entire
share capital of its fully-owned subsidiary Ultraprint Oy in an MBO
to the operative management of the subsidiary, consisting of managing
director Tuula Ylimäki and technical director Iikka Ellilä. The sale
of the subsidiary does not have any remarkable effect on Incap
Group's result.

The business operations were passed over to new owners on 16 July
2008. The commercial property of Ultraprint Oy stays in the
possession of Incap, who will rent out the premises to Ultraprint
under a separate contract.

Ultraprint Oy is located in Kempele, Finland, and it became a part of
Incap Group in connection with a business transaction in 2002. The
company offers chemical milling and etching for the high-precision
manufacture of sheet-metal parts and manufactures also flexible PCBs.
The company's revenue in 2007 amounted to about EUR 1.2 million and
it has today a payroll of 12 persons.

Sami Mykkänen, President and CEO of Incap Group: "The expertise of
Ultraprint Oy deviates from the other businesses of Incap and the
development of the company as a separate part of the Group would have
taken resources from other operations. We are now focusing our
strengths to the development of our core business and the improvement
of our profitability."


INCAP CORPORATION

Sami Mykkänen
President and CEO

Further information:
Sami Mykkänen, President and CEO, tel. +358 (0)40 559 9047
Hannele Pöllä, Director, Communications and IR, tel. +358 (0)40 504
8296
Tuula Ylimäki, Managing Director of Ultraprint Oy, tel. +358
(0)40 347 2025

DISTRIBUTION
OMX Nordic Exchange Helsinki
Major media
Corporate website www.incap.fi

INCAP IN BRIEF
Incap Corporation is an internationally operating contract
manufacturer whose comprehensive service covers the entire product
life cycle from design and manufacture to repair and maintenance
services. In addition to electronics, Incap also manufactures
mechanical products and parts. The company specialises in technically
demanding products and product entities that are manufactured in
small and medium-sized production series. Incap's main customers are
leading equipment suppliers in telecommunication, energy, industrial
electronics, security as well as in medical and well-being. Incap has
operations in Finland, Estonia and India. The Group's revenue in 2007
amounted to EUR 83 million and the company currently employs approx.
720 persons. Incap's share is listed on the OMX Nordic Exchange
Helsinki. For additional information, please visit www.incap.fi.