Secondary placing of 10.6 million shares in KappAhl (SE) — SEK 767 million

Carnegie acted as joint lead manager in the secondary placing of 10.6 million shares at a price of SEK 72.50 per share. KappAhl is a leading Nordic fashion chain with outlets in Sweden, Norway, Finland and Poland. The group designs and sells apparel for women, men and children through its own chain of outlets. January, 2007.