Incap - Company Announcement

Incap Corporation's board of directors decided on private placement as payment for convertible loan

Incap Corporation
Stock Exchange Release 30 January 2013 at 1 p.m.

INCAP CORPORATION'S BOARD OF DIRECTORS DECIDED ON PRIVATE PLACEMENT AS PAYMENT
FOR CONVERTIBLE LOAN

Incap Corporation's Board of Directors has today used the authorisation issued
by the Annual General Meeting on 11 April 2012 and decided on a private
placement, which the company uses to redeem a part of the convertible loan
issued in the year 2007. The private placement is a part of the financing
arrangement, which the company announced on 17 January 2013.

In the private placement, one holder of the convertible bond will receive a
total of 1,697,286 new shares as a settlement for loan shares. The calculatory
subscription price is EUR 0.22. The new shares amount to approximately 8.1% of
all shares in the company prior to the share issue.

The issue of new shares deviates from the pre-emptive right of the current
shareholders by way of offering the new shares entirely to a holder of the
company's convertible loan. There is a significant financial reason for the
company to deviate from shareholders' pre-emptive subscription rights because
the purpose of the private placement is to ensure the company's solvency through
a quick, low-cost arrangement.

The new shares convey a right to dividend and other shareholder's rights as from
the registration of the new shares to the Trade Register. The company aims to
register the new shares as soon as possible. When the new shares have been taken
to public trading on the Helsinki Stock Exchange, the number of Incap
Corporation's shares is a total of 22,546,266.


INCAP CORPORATION

Sami Mykkänen
President and CEO

Additional information:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047 or +372 5553 7905
Kirsti Parvi, CFO, tel. +358 50 517 4569
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 610 people. Incap's share is listed on the NASDAQ OMX Helsinki.
Additional information: www.incap.fi.



[HUG#1674119]