Divestment of majority stake in Arc E-commerce AB (SE) to Bygghemma Group AB (SE) — Amount not disclosed

Carnegie acted as sole adviser to Arc in connection with the divestment of majority stake to Bygghemma. Arc is an online retailer of home and garden products such as hot tubs, green houses, grills and treadmills that are marketed to consumers through Outl1.se. July 2019.