Secondary placing of 6 million shares in KappAhl (SE) — SEK 315 million

Carnegie acted as sole book-runner in the secondary placing of 6 million shares at a price of SEK 52.50 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. October, 2006.