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2015-08-26

Incap Oyj: Incap continues developing its corporate functions

Incap Corporation

Stock Exchange Release 26 August 2015 at 3.15 pm (EET)

INCAP CONTINUES DEVELOPING ITS CORPORATE FUNCTIONS

Incap continues with the renewal of its operational model and is outsourcing
its Finance&Administration to cooperating partners. The management of finance
and administration will be in the responsibility of Ms Kaisa Kokkonen (M.Sc.
Econ., HTM-auditor) at Akeba Oy and as the financial department will act
Tilistar Oy. The new operational model of Finance&Administration will be
implemented as from 1 September 2015.

Kirsti Parvi, who has been acting as CFO of Incap Group as from 2011, is
turning to new tasks outside the company. President and CEO Ville Vuori: "I
wish to thank Kirsti Parvi for her persistent work both during the
challenging period of the company and now after the financial position of the
company was improved. We have during the last few years implemented a
significant structural change, and Kirsti has had there an important role. I
wish her all the best in her future challenges."

Besides renewing the Finance&Administration, Incap is strengthening its key
functions further and has started searching a managing director for the
Estonian operations. The Group's factories in Estonia and India are operating
as independent profit centers, which are responsible besides the actual
order-delivery process also for quotations and pricing. The Group's new
management team will consist of the CEO of the Group and the managing
directors of the operations in Estonia and India.

INCAP CORPORATION

Further information:
Ville Vuori, President and CEO of Incap Group, tel. +358 400 369 438

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
The company's home page www.incapcorp.com

INCAP IN BRIEF
Incap Corporation is an international contract manufacturer whose
comprehensive services cover the entire life-cycle of electromechanical
products from design and sourcing to actual manufacture and further to
maintenance services. Incap's customers are leading suppliers of
high-technology equipment in their own business segments, and Incap increases
their competitiveness as a strategic partner. Incap has operations in
Finland, Estonia, India and China. The company currently employs
approximately 400 people. Incap's share is listed on the NASDAQ OMX Helsinki
Ltd. since 1997. Additional information: www.incapcorp.com.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Incap Oyj via Globenewswire

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