PROPOSAL TO INCAP’S ANNUAL GENERAL MEETING

Incap Corporation  Stock Exchange Release  27 March 2009 at 9 a.m.
 
Shareholders who represent more than 40 per cent of the shares and votes of Incap Corporation have supplemented their previous proposal for the number of members of the Board of Directors and for the persons to be elected to the Board of Directors.
 
The aforementioned shareholders have informed that they will propose to the Annual General Meeting that the number of members of the Board of Directors shall be five and that besides the present members of the Board of Directors also Mr Lassi Noponen shall be elected to the Board of Directors.  
 
Mr Lassi Noponen, LL.M., MBA (London Business School), born in 1963, has acted in 2006-2009 as chairman of the Board of Directors of Winwind Ltd., a supplier of wind turbines operating in Finland and in India. During his chairmanship, Winwind has established operations in India and expanded its ownership base by an issue to Masdar, an investment company owned by the state of Abu Dhabi. The issue was so far the biggest financing arrangement in Cleantech business in Nordic countries. Thanks to his activities as co-founder and CEO of environmental technology group Proventia in 2000-2006 and due to his membership in the Sitra (The Finnish Innovation Fund) management team creating the Cleantech strategy for Finland, Lassi Noponen has gathered 10 years’ experience in the business connected with environmental technology and renewing energy. He has previously acted also as partner at Evli Corporate Finance and as corporate controller at Neste Corporation.
 
The Annual General Meeting of Incap Corporation will be held on Friday, 3 April 2009 at 3 p.m. at World Trade Center Helsinki. The notice and proposals for the Annual General Meeting were published in a stock exchange release on 25 February 2009.
 
INCAP CORPORATION
Board of Directors
 
Further information:
Sami Mykkänen, President and CEO, Tel. +358 40 559 9047
Eeva Vaajoensuu, CFO, Tel. +358 40 763 6570
Hannele Pöllä, Director, Communications and HR, 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 new competitiveness as a strategic partner. Incap has operations in Finland, Estonia and India. The Group’s revenue in 2008 amounted to EUR 94 million and the company currently employs approximately 730 people. Incap’s share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.