Divestment of Esko-Graphics’ packaging pre-press technology business by Kirkbi A/S (DK) to Axcel (DK) — Amount not disclosed.

Esko-Graphics’ packaging business head-quartered in Belgium has operations in 27 countries world-wide and supplies pre-press equipment, software and services to the global packaging industry. Carnegie acted as sole financial adviser to Kirkbi A/S. September, 2005.