Incap Corporation       Stock Exchange Release    
22 July 2013 at 9 a.m.

ANNOUNCEMENT IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT (INCAP'S DIRECTED SHARE ISSUE AND CONVERSION OF LOANS)

Following the directed share issue and conversion of loans as announced by Incap Corporation on 22 July 2013, the following changes in holdings exceeding the notification limit will take effect.

The changes in holdings are estimated to come into effect during week 30, when the new shares subscribed in the directed issue or converted against loans are entered in the Trade Register.

After the registration of the new shares, the total number of Incap Corporation's shares and votes will be 109,114,035. It is estimated that the new shares will be available for trade at the NASDAQ OMX Helsinki Ltd by the end of August together with the other shares of the company.

Company: Incap Corporation, Business ID 0608849-6

Changes to holdings exceeding the announcement limit as proportions of the total shares and votes in Incap Corporation:

Shareholder Business ID Holdings prior to the share issue New shares subscribed and converted Holdings after the share issue and conversion 
   % shares shares %
Inission AB 556747-1890 0 0 28,500,000 26.12%
Oy Etra Invest Ab 0672234-6 21.44% 4,834,547 12,100,000 15.52%
Ilmarinen 0107638-1 0 0 8,307,692 7.61%
Varma 0533297-9 0 0 7,684,615 7.04%
Finnvera 1484332-4 0 0 6,238,600 5.72%
Oy Ingman Finance Ab 2241895-0 0 0 8,780,769 8.05%
Onvest Oy 0112239-2 7.53% 1,697,286 3,500,000 4.76%
JMC Finance Oy 1031747-4 10.65% 2,402,286 0 2.20%
Suomen Teollisuussijoitus Oy 1007806-3 9.69% 2,185,509 0 2.00%
Göran Sundholm 6.57% 1,481,113 0 1.36%
Kalevi Laurila 6.48% 1,460,429 1,275,000 2.51%

INCAP CORPORATION
Hannele Pöllä

Director, Communications and Investor Relations
tel. +358 40 504 8296

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
The company's home page 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 repair and 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 2012 amounted to approximately EUR 64.1 million, and the company currently employs approximately 600 people. Incap's share is listed on the NASDAQ OMX Helsinki Ltd. since 1997. Additional information: www.incap.fi.


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(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Incap Oyj via Thomson Reuters ONE
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