INCAP CORPORATION CONVERTIBLE PROMISSORY NOTES

Incap Corporation   Stock Exchange Release    23 May 2007 At 9 A.M.
 
The Board of Directors of Incap Corporation has yesterday approved subscriptions of the convertible promissory notes announced on 21 May 2007, for a nominal value of EUR 6,750,000 in total. A right to convert the note units into 2,500,000 new shares in the company is attached to the subscribed note units.
 
From the persons closely related to the company, the convertible promissory notes were subscribed by Mr Juhani Hanninen, the President and CEO of Incap Corporation, by Mr Juha-Pekka Kallunki, a member of the Board of Directors, and by an organisation under control of Mr Jukka Harju, a member of the Board of Directors.
 
INCAP CORPORATION
Board of Directors
 
Juhani Hanninen
President and CEO
 
 
For additional information, contact:
Juhani Hanninen, President and CEO, tel. +358 50 556 7199
Anne Sointu, Chief Financial Officer, tel. +358 40 347 2059
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296
 
DISTRIBUTION
Helsinki Stock Exchange
Principal media
 
 
INCAP IN BRIEF
Incap Corporation is a fast-growing electronics contract manufacturer whose comprehensive service covers the entire product life cycle from design and manufacture to repair and maintenance services. The company’s main customer sectors are leading equipment suppliers in telecommunications, electrical power technology, the automation and process industries as well as measurement technology, safety electronics and health care. The Incap Group’s revenue amounted 2006 of EUR 89 million and the company currently employs approx. 540 persons. Incap’s share is listed on the Helsinki Stock Exchange and it is a component of the Nordic Small Cap list within the information technology sector. For additional information, please visit www.incap.fi