INCAT(R) Repurchases Equity Stake from FASOTEC in Japan

Will operate INCAT KK as a subsidiary of INCAT International

LONDON and TOKYO, Jan. 30 -- INCAT(R) International Ltd. and FASOTEC Co. Ltd. announced today that INCAT repurchased the FASOTEC equity stake in INCAT-FASOTEC (IFCO) KK (Kabushiki Kaisha), operating in Chiba, Japan effective January 1, 2004. The joint venture was launched in 2001. Both parties agreed to the repurchase, intending to prevent possible future conflicts in the Japanese market and concentrate their activities on their respective corporate missions.

"We are grateful to our friends at FASOTEC for their role in the launch of INCAT-FASOTEC KK in 2001 and their support of the venture," said INCAT CEO Ulrich Herter. "We look forward to continuing our close business relationship promoting complementary offerings of our respective organizations."

The repurchase makes IFCO a wholly owned subsidiary of INCAT. The corporation will be renamed INCAT KK and further integrated into the operation and activities of the international INCAT group. INCAT KK is assisting leading OEMs in Japan with the transformation of their product lifecycle management (PLM) processes. Mr. Yoshihiko Takebe will continue in his role as the Managing Director of INCAT KK.

Mr. Shigeru Nagami, CEO and President of FASOTEC Co. Ltd., said, "We appreciated the productive and friendly relationship we have established with INCAT and we would like to keep this relationship in the future. We will continue to strengthen our PLM solution services, to satisfy the broader and more advanced needs of customers in the manufacturing industry as an IBM/Dassault Systemes business partner."

About INCAT

INCAT is an independent, global professional services company focused on Product and Information Lifecycle Management.

Our services combine a proven, disciplined approach with real world expertise to deliver total business solutions that enhance our clients' agility and capacity to innovate.

Founded in 1984, and headquartered in London and Detroit, INCAT has more than 600 employees working with Fortune 500 and other organizations in North America, Europe and the Pacific Rim.

  www.incat.com

  About FASOTEC

FASOTEC was founded in 1984 by Mr. Shigeru Nagami. Currently, it is headquartered in Majuhari, Chiba-ken. The company has been the forerunner in application of advanced digital technology in manufacturing and product development in Japan. As an IBM/Dassault Systemes business partner, FASOTEC has been extending engineering support and services to more than 700 corporate customers in a wide range of manufacturing industry nation-wide.