Merger of CargoNet AS (NO) and Rail Combi AB (SE) — Amount not disclosed.

Carnegie acted as adviser to Green Cargo AB, the rail freight company demerged from SJ, the Swedish State Railways, in the acquisition of a 45 per cent shareholding in CargoNet AS, the Norwegian rail freight company demerged from NSB BA, the Norwegian state owned railway company. The transaction was made by a contribution in kind to CargoNet AS of 100 per cent of the shares in Rail Combi AB, the leading provider of intermodal transport services in Sweden.February, 2002.