Directed new share issue in Eitzen Chemical ASA (NO) — USD 115 million

Carnegie acted as joint book-runner in the directed new share issue of 515.2 million shares at a subscription price of NOK 1.25 per share. Eitzen Chemical is primarily a ship owning company, but also controls a number of vessels on charter and in management. The company has grown substantially in the past few years, and is now the third largest chemical transportation company in the world based on the number of vessels.November, 2009.