Initial public offering of Norway Royal Salmon (NO) on the Oslo Stock Exchange — NOK 104 million

Carnegie acted as joint lead manager and joint book-runner in the initial public offering of Norway Royal Salmon on the Oslo Stock Exchange. NRS is an attractively positioned fish farming company fully integrated fish farming company. The company is involved in most stages of the fish farming value chain, from smolt production, fish production, harvesting, sales and marketing.March, 2011.