Initial public offering of Statoil ASA (NO) on Oslo Stock Exchange — NOK 5.4 billion

Carnegie acted as co-lead manager in the initial public offering of Statoil Fuel & Retail ASA on the Oslo Stock Exchange. Statoil Fuel & Retail is a leading Scandinavian road transportation fuel retailer with over 100 years of operations in the region and leading market share positions in both the full-service fuel station segment of the Scandinavian market.October, 2010.