Divestment of 60 per cent of Jacob Holm & Sons STA (CH) to LD Equity (DK) — Amount not disclosed.

Carnegie acted as adviser to the seller Jacob Holm & Sønner A/S in the divestment of 60 per cent of the shares in Jacob Holm & Sons STA to LD Equity. Jacob Holm & Sons STA manufactures and markets advanced industrial non-woven textiles based on synthetic fibres such as polyester and polyprone. The textiles are applied within areas such as industrial filtration of air and liquids, performance and protective apparel and certain medical applications.June, 2006.