Private placement of shares in IPC International (DK) — DDK 84 million

Carnegie acted as sole financial adviser in the private placement of 184,005 shares at a subscription price of DKK 456.51 per share. IPC International A/S is a specialty pharma company primarily operating within oncology, women’s health and pain/drug abuse. The company currently markets nine specialty pharma products in the Nordic region and in the UK. August, 2009.