Offer to convertible bondholders and a subsequent rights issue in PA Resources (SE) — SEK 1.7 billion

Carnegie acted as sole financial adviser to PA Resources in the company’s offer to the convertible bondholders to set off their claims according to the convertible bonds against newly issued shares. The offer to the convertible bondholders was followed by a fully underwritten rights issue. PA Resources is an international oil and gas group which conducts exploration, development and production of oil and gas assets.February 2013.