Acquisition of Arrow Seismic ASA (NO) by Petroleum Geo-Services ASA (NO) — NOK 2.3 billion

Carnegie acted as adviser to Petroleum Geo-Services ASA in the acquisition of Arrow Seismic ASA. Petroleum Geo-Services ASA is a technology focused oilfield service company principally involved in providing geophysical services worldwide. Arrow Seismic ASA develops, owns and operates advanced state-of-the-art vessels for the maritime seismic industry. December, 2007.