Directed new share issue in Alpcot Russian Land Fund AB (SE) — SEK 360 million

Carnegie acted as sole financial adviser in the directed new share issue of 6 million shares. Agrokultura, a secondary name of Alpcot Russian Land Fund, is a Swedish limited liability company incorporated in 2006. The company’s objective is to generate an attractive total return on invested capital by acquiring and farming agricultural land in Russia and potentially in other CIS member states.December, 2007.