Divestment of Orbiant Group (SE) by Telia AB (publ) (SE) — SEK 3.5 billion

Carnegie acted as financial adviser to Telia AB (publ), in the sale of the Orbiant Group, consisting of the companies Neterna, Telia Service, Telia Systems, Evega, Relacom and Wireless Network Management. The Orbiant Group provides a complete portfolio of services for the design, installation, maintenance and management of networks and other equipment for fixed and mobile data and telecommunications. In the transaction, Flextronics, the supplier of construction and manufacturing related services, acquired 91 per cent of the Orbiant Group.December, 2001.