Divestment of Blue Book TDC Hakemistot Oy (FI) to TDC Förlag A/S (DK) — EUR 12 million

Carnegie acted as sole adviser to Sanoma Magazines Finland Oy in the divestment of Blue Book TDC Hakemistot Oy, a subsidiary of TDC Forlag A/S. Blue Book TDC Hakemistot Oy is the leading provider of B2B information solutions in Finland within specialized trade directories, public sector directories, buyer’s guides and direct marketing address services.March, 2002.