Secondary placing of 1.4 million shares in DSV (DK) — DKK 580 million

Carnegie acted as sole manager and book-runner in the secondary placing of 1.4 million shares in DSV. The placing was 2 times subscribed within 2.5 hours of opening. The placing corresponds to some 6 per cent of the company’s share capital and equates to more than 15 times the average daily trading volume. DSV is Denmark’s leading supplier of transport- and logistics services.March, 2005.