Secondary placing of 8.8 million shares in TradeDoubler (SE) — SEK 1.5 billion

Carnegie acted as joint book-runner in the secondary placing of 8.8 million shares in TradeDoubler to institutional investors, in an accelerated book built offering at a price of SEK 165 per share. TradeDoubler is a leader in affiliate marketing in Europe, measured by number of publishers and geographic presence in Europe.May, 2006.