Initial public offering of Funcom N.V. (NO) — NOK 190 million

Carnegie acted as joint lead manager in the initial public offering of Funcom on the Oslo Stock Exchange. Funcom is a world leading independent developer and publisher of computer and console games with a focus on Action Adventure and Massively Multiplayer Online Games (MMOG). Funcom will release Age of Conan in the fourth quarter of 2006.December, 2005.