Private placement of shares in Alpcot Agro AB (SE) – SEK 520 million

Carnegie acted as sole financial adviser in the private placement of 8 million shares at a subscription price of SEK 65 per share. This was Carnegie’s third successive private placement for the company, making a total of more than SEK 1 billion raised. Alpcot Agro is a Swedish limited liability company and was incorporated in 2006. The company’s objective is to generate an attractive total return on invested capital by acquiring and farming agricultural land in Russia and potentially in other CIS member states.May, 2008.