Divestment of Collet Pharma (NO) to Ferd (NO) by Nycomed (DK) — Amount not disclosed.

Carnegie acted as adviser to Nycomed in the divestment of its wholly owned Norwegian subsidiary Collet Pharma AS to Ferd. Nycomed is a European pharmaceutical company owned by CSFB Private Equity and the Blackstone Group. The company has 36 sales offices in 18 European markets. January, 2004.