Divestment of activities and assets in Siemens Technology Services A/S (DK) to Glenco A/S (DK) — Amount not disclosed.

Carnegie acted as sole financial adviser to Siemens in the divestment of activities and assets in Siemens Technology Services to Glenco. Siemens Technology Services is one of the largest technical installation businesses in Denmark with revenues in 2004 of approximately DKK 400 million.January, 2005.