PRELIMINARY INFORMATION OF INCAP’S FINANCIAL RESULTS DURING THE THIRD QUARTER

Stock Exchange Release, 17 October 2002, 9.15 am

The pro forma net turnover of Incap-JMC during the third quarter will probably be lower than forecast, and the pro forma net turnover of the whole year is hence also anticipated to be lower by about 10 percent than last year’s pro forma net turnover (EUR 71.6 million).

The one-time cost entries mentioned in the semiannual report to be made in the financial results of the third quarter added up to about EUR 1.7 million. They are related to the materials and components of certain telecommunications products that involve a non-marketability risk and are recorded as inventories. The other entries are related to the personnel arrangements carried out upon the merger of Incap Corporation and JMC Tools Oy and the adjustment of resources following the market decline.

As forecast previously, the results are expected to improve during the last quarter of the year.

Incap Group’s interim report for January-September 2002 will be published on 6 November 2002.

INCAP CORPORATION
Board of directors

Seppo Ropponen
President and CEO

Further information:
President and CEO Seppo Ropponen, tel. +358 44 270 3021, and Rauni Nokela, Vice President, Finance & Administration, tel. +358 400 383 409.

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