Merger between Teligent (SE) and Trio (SE) — Combined market cap SEK 1 billion

Carnegie acted as financial adviser to Teligent in the merger with Trio.The merger will create a group with good financial standing. Net sales for the new group, pro forma 2005, amounted to approximately SEK 590 million, of which SEK 158 million in the Nordic region and SEK 432 million in other markets. The new group will initially have 435 employees, of which 300 in the Nordic region and 135 in other markets. June, 2006.