Public offer for Carl Lamm Holding AB (SE) by Ricoh Europe Holdings PLC (UK) — SEK 417 million

Carnegie acted as adviser to Ricoh in the public cash offer for Carl Lamm by Ricoh. Carl Lamm operates in the document and information management sector and has a nationwide organization with operations in 26 strategic locations in Sweden, offering solutions for customers’ IT environments. Ricoh Company is a global technology leader, specialising in the office and production printing markets. May, 2009