Incap Corporation
Stock Exchange Release 30 January 2013 at 9.30 a.m.


Incap Corporation has finalised the financing negotiations with a Finnish bank and withdrawn a half of the loan of EUR 1.5 million granted to the company. The remaining loan instalment can be withdrawn by 29 July 2013 after a separate confirmation given by the bank. Besides standard conditions the loan contract includes the same covenants than the other loans granted by the bank.

Incap is using the loan to strengthen its working capital. In addition to the loan the company has further agreed with the financiers upon other financing arrangements, based on which EUR 450,000 was released to the company. As a result of the loan and other financing arrangements Incap's cash in hand was increased by EUR 1.2 million.

The company has further, on 28 January 2013, received from the bank a written confirmation that the bank will not exercise its right to terminate the loans, credit lines and factoring credit lines granted by the bank even though their covenants were not met on 31 December 2012. The next testing of the covenants is due to take place on 30 June 2013.


Sami Mykkänen
President and CEO

Additional information:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047 or +372 5553 7905
Kirsti Parvi, CFO, tel. +358 50 517 4569
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296

NASDAQ OMX Helsinki Ltd
Principal media

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 competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China. The Group's revenue in 2011 amounted to around EUR 68.9 million and the company currently employs approximately 610 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information:

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Source: Incap Oyj via Thomson Reuters ONE