Divestment of Silkeborg Data (DK) to Axcel (DK) by Jyske Bank (DK) — Amount not disclosed

Carnegie acted as exclusive financial adviser to Jyske Bank in the divestment of Silkeborg Data to Axcel. Silkeborg Data is a leading application service provider of payroll and HR systems to Danish Regions and Municipalities and handles more than 400,000 salary and pension payments to employees in the public sector every month. April 2014.