Initial public offering of Chr. Hansen (DK) on NASDAQ OMX Copenhagen — DKK 5.5 billion

Carnegie acted as co-lead manager in the initial public offering of Chr. Hansen on the NASDAQ OMX Copenhagen. Chr. Hansen is a global bioscience company that develops natural ingredient solutions for the food, nutritional, pharmaceutical and agricultural industries. All solutions are based on strong research and development competencies and significant technology investments.June, 2010.