Acquisition of Danske Invest Administration A/S (DK) by Danske Bank A/S (DK) — DKK 73.9 million

Carnegie acted as adviser to Danske Bank A/S in the acquisition of Danske Invest Administration A/S. The company is an investment management company which invests the members’ investments based on the guidelines determined by the boards of the unit trust groups and associations and is responsible for communication and marketing. May, 2008.