Demerger of Rieber Shipping ASA (NO) — NOK 1.1 billion

Carnegie acted as sole manager to Rieber Shipping in the demerger of the company to create two new entities; ”Exploration Resources ASA” and ”New Rieber Shipping ASA”. Rieber Shipping ASA is an integrated shipping company which develops, owns and operates advanced specialised vessels for offshore support, marine seismic operations, cable-laying and ice-strengthened support.March, 2005.