Divestment of Delete Heavy Demolition AB (SE) by Delete Group Oyj (FI) to Lotus Maskin & Transport AB (SE) — Amount not disclosed

Carnegie acted as financial adviser to Delete Group, majority owned by Axcel, in the divestment of its Swedish heavy demolition operations Delete Heavy Demolition AB to Lotus Maskin & Transport AB. Delete Group is a leading environmental full-service provider that offers specialist competences and specialized equipment through three business areas: Industrial Cleaning, Demolition Services and Recycling Services. March 2020.