Acquisition by BW Offshore Limited (BM) of 12.2 million shares in Prosafe ASA (NO) and new share issue in BW Offshore — NOK 1.1 billion

Carnegie acted as adviser to BW Offshore Limited in the acquisition of approx. 12.2 million shares in Prosafe ASA. To finance the share purchase, BW Offshore conducted a NOK 1.1 billion placing of new shares. BW Group is one of the world’s leading maritime groups in the tanker, bulk, gas and offshore segments. BW Offshore is a leading owner and operator of floating production and storage vessels outside the North Sea. Prosafe ASA is a leading owner and operator of semi-submersible service rigs and a major owner and operator of floating production and storage vessels outside the North Sea. January, 2007.