Directed issue of preference shares in Fastighets AB Balder (SE) — SEK 1 billion

Carnegie acted as sole lead manager and book-runner in the directed issue of preference shares with an annual yield of 8.0 per cent based on issue price of SEK 250.00 per preference share. Fastighets AB Balder is a Swedish real estate company listed on the NASDAQ OMX Stockholm. June, 2011.