Redemption in Teligent AB (SE) — SEK 77.4 million

Carnegie acted as adviser to Teligent in the share redemption programme amounting to approximately SEK 77.4 million. Shareholders were entitled to redeem every fifth share for a cash payment of SEK 20 per share. Applications were received representing approximately 99 per cent of the maximum number of shares that could be redeemed.Teligent is an innovation driven company, developing services and systems that enable network operators to offer a wide range of value-added services to their customers.September, 2003.