New share issue in Observer (SE) — SEK 400 million

Carnegie acted as sole manager in the new share issue in Observer of SEK 400 million. Observer AB is active in business and communication intelligence, offering media and market monitoring, analysis and communication evaluations as well as target group identification and distribution of information for PR and IR purposes. Observer AB has a turnover of nearly SEK 1,900 million on an annual basis, with around 2,700 employees in the U.S., the UK, Sweden, Canada, Germany, Norway, Finland, Denmark, Portugal, Ireland, Estonia, Latvia, and Lithuania.April, 2002.