Secondary offering of shares in Fjord Seafood (NO) — NOK 256 million

Carnegie acted as adviser and book-runner in the placing of 88,398,881 shares in Fjord Seafood ASA (18.6 per cent of the capital). Fjord Seafood is a Norwegian company listed on the OSE. The company is active within the field of fish farming and seafood production.November, 2003.