Secondary placing of 965,000 shares in Meda AB (SE) — SEK 300 million

Carnegie acted as joint global co-ordinator and joint book-runner in the secondary placing of 965,000 shares in Meda AB to a small number of Swedish and international institutions. The placing, which was approximately 3 times covered, was priced at SEK 315 per share, equating to approximately 100 times the average daily trading volume during the last 12 months. Meda AB is a leading Nordic supplier of pharmaceuticals.May, 2005.