Divestment of Naturapoteket (SE) by Wilh. Sonesson (SE) to Norsk Vekst Private Equity (NO) — SEK 70 million

Carnegie acted as sole financial adviser to Wilh. Sonesson in the divestment of Naturapoteket to Norsk Vekst Private Equity. Naturapoteket is Sweden’s largest integrated specialist health food retailer with 50 boutiques throughout Sweden. The products sold include health supplements, natural remedies, sport and fitness products, skin and hair care products and other self-care products. Sales in 2004 amounted to approx. SEK 180 million, of which 35 per cent generated from own-branded products.January, 2006.