Directed new share issue in Norse Energy Crop. (NO) — NOK 168 million

Carnegie acted as joint lead manager and joint book-runner in the directed new share issue of 210 million new shares set at NOK 0.80 per share. Norse Energy is an on-shore gas exploration and production which is listed on the Oslo Stock Exchange. Norse holds certified total contingent resources of ~4 TCF (~713 MMBOE) located in Western and Central New York State.March, 2011.