Redemption in Eniro (SE) — SEK 800 million

Carnegie acted as adviser to Eniro in the company’s share redemption programme amounting to SEK 800 million. Each share gave one redemption right and 18 redemption rights entitled the owner to redeem one share for SEK 86. Over 9 million shares were tendered for redemption, corresponding to 99.4 per cent of the maximum number of shares which could be redeemed in accordance with the offer. Eniro is the Nordic region’s leading provider of off-line and on-line directories and related services.May, 2004.