INCAP CORPORATION PRESS RELEASE 19 November 2007 at 2 p.m. Mr. Jarmo Kolehmainen, B.Sc., born 1965, has been appointed to General Manager, Incap Indian operations and Managing Director of the Group's subsidiary Incap Contract Manufacturing Services Private Limited as from 1 January 2008. Jarmo Kolehmainen will be located in Bangalore and he reports to Incap Group's President & CEO Juhani Hanninen. Kolehmainen will transfer to Incap from the task of Managing Director of Perlos Telecommunication and Electronic Components (India) Pvt. Ltd. He has been working with Perlos since 1999 in diverse management positions in Assembly Solutions and Automation businesses among others. During his international career he has started and managed business operations in India, Asia and in Europe. In addition to his business responsibilities he has also been in charge of the building project of Perlos factory in India and of other tasks relating to starting operations there. He has further been responsible for process development, sales promotion and design operations."Jarmo Kolehmainen's extensive international experience brings us competence, which can be utilised diversely in our company's growth and internationalisation. Thanks to his wide contact network and good knowledge of market and business environment, he will give a great contribution to the further development of our Indian operations", tells Incap's President & CEO Juhani Hanninen. The fixed-term contract of Mr. Jarmo Ukonaho, the current General Manager of Incap's Indian operations, will finish by the end of the year. President & CEO Hanninen: "We can be satisfied with the progress Incap has achieved in India this far. I thank Jarmo Ukonaho warmly for his contribution and wish him all the best in the future challenges." INCAP CORPORATION For additional information, please contact: Juhani Hanninen, President and CEO, tel. +358 50 556 7199 Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296 DISTRIBUTION OMX Nordic Exchange Helsinki 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 in 2006 amounted to EUR 89 million and the company currently employs approx. 750 persons. Incap's share is listed on the OMX Nordic Exchange Helsinki. For additional information, please visit www.incap.fi