Secondary placing of 2.5 million shares in Oriflame (SE) — SEK 588 million

Carnegie acted as sole book-runner in the secondary offering of 2.5 million shares in Oriflame. The placing, representing 4.2 per cent of capital and votes in Oriflame, was made behalf of Industri Kapital. Buyers were primarily Swedish and international institutions. After the placing Industri Kapital holds 11.8 per cent in Oriflame.February, 2006.