Amendments to lock-up agreements regarding shares in D. Carnegie & Co

In connection with the listing of D. Carnegie & Co AB’s (publ) (“D. Carnegie & Co” or the “Company”) shares on NASDAQ OMX First North, the former major shareholders entered into so called lock-up agreements with the Company and ABG Sundal Collier AB (“ABG”), in its capacity as Manager in connection with the listing. Under the lock-up agreements, the former major shareholders have undertaken, for a period of time, not to inter alia sell or pledge the shares in D. Carnegie & Co. Since a few amendments have been made to Kvalitena AB’s (publ) (“Kvalitena”) lock-up agreement, the Company hereby announces the following information.

Kvalitena, the major shareholder in D. Carnegie & Co, has asked ABG for permission to make certain disposals of some of its shares in D. Carnegie & Co. The Company and ABG have given permission to make such disposals, subject to certain conditions.

Kvalitena have been permitted to swap 1,088,472 of its B shares for 1,088,472 A shares. The swap will be carried out through a transfer of 1,088,472 A shares from Frasdale International B.V. (“Frasdale”) to Kvalitena and a transfer of 1,088,472 B shares from Kvalitena to Frasdale. The permission is conditional upon Kvalitena submitting to corresponding lock-up restrictions in respect of the new A shares.

For further information, please contact:

Ulf Nilsson, CEO, D. Carnegie & Co

+46 (0)8 121 317 25

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About Us

About D. Carnegie & Co D. Carnegie & Co is a property company focusing on residential properties in the Greater Stockholm region and other growth areas. The company’s business concept is to own property portfolios slated for a gradual renovation of apartments in conjunction with the natural turnover of tenants. This can take place quickly and cost-efficiently thanks to extensive experience from the Bosystem renovation method which, among other things, means that no evacuation needs to take place. In addition to this, the company creates value through the development of building rights in existing portfolios. The market value of the company’s properties amounted to SEK 15,887 million as of September 30 2016. The total annual rental value amounted to SEK 1,366 million as of September 30 2016. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.

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