Directed new share issue in Axis-Shield plc (NO and UK) — GBP 8.3 million

Directed new share issue in Axis-Shield plc (NO and UK) — GBP 8.3 millionCarnegie acted as joint lead manager in a directed new share issue of GBP 8.3 million in Axis-Shield plc towards Norwegian and UK based institutional investors. Axis-Shield, whose shares are listed on the London and the Oslo Stock Exchanges, is an international in vitro diagnostics company headquartered in Dundee with R&D and manufacturing bases in Dundee and Oslo.April, 2002.