Divestment of 40 per cent of Jacob Holm & Sons STA (CH) to LD Equity (DK) — Amount not disclosed.

Carnegie acted as adviser to Jacob Holm & Sønner A/S in the divestment of the remaining 40 per cent of the shares in Jacob Holm & Sons STA to LD Equity. Jacob Holm & Sons STA was formed in 2006 through a carve out from Jacob Holm & Sønner A/S which is owned by the Mikkelsen family. At that time LD Equity acquired 60 per cent of the company and subsequently Jacob Holm & Sons STA acquired Tytex from Thygesen Textile Group – a holding company at the time owned by the Danish private equity investor Axcel and the Thygesen family.March, 2007.