Directed new share issue in Songa Offshore (NO) — NOK 219 million

Carnegie acted as sole manager in the directed new share issue of NOK 219 million in Songa Offshore (3.5 million shares at a subscription price of NOK 62.50 per share). Songa Offshore currently owns and operates four semi submersible drilling units (1,200-1,800 feet water depth) and one 3,280 feet water depth drill ship.December, 2006.