Incap to launch co-operative negotiations in corporate services in Finland

Incap Corporation Stock Exchange Release    11 January 2013 at 1 p.m. INCAP TO LAUNCH CO-OPERATIVE NEGOTIATIONS IN CORPORATE SERVICES IN FINLAND Incap Corporation has today invited the personnel working in its corporate services in Finland to negotiations in accordance with the Co-operative Act. In order to increase the efficiency of operations and to improve the cost structure Incap is planning a reorganisation of corporate services and eventual transfer of certain functions to the company's other locations. A total of 20 persons are invited to the negotiations, most of them working in Helsinki. Based on a preliminary estimate the eventual measures to be negotiated may lead to reorganisation or reductions affecting approximately 14 employees. The first meeting in the negotiations is called to take place on 18 January, and the estimated duration of negotiations is at least six weeks. 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 IR, 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 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 EUR 68.9 million, and the company currently employs approximately 640 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Incap Oyj via Thomson Reuters ONE [HUG#1669786]