Information to shareholders of D. Carnegie & Co AB

Following the ownership transition of the collateralised shares in the subsidiaries Carnegie Investment Bank AB and Max Matthiessen Holding AB the National Debt Office shall provide compensation to D. Carnegie & Co (“Carnegie”). The size of this compensation shall be based on a valuation of the shares in the subsidiaries conducted by a well respected financial advisor on behalf of the National Debt Office.

• The valuation shall take into account the prevailing circumstances at the time for the transition of the shares in the subsidiaries to the National Debt Office.

• The value of the shares in the subsidiaries, after taking into account the loan to the National Debt Office, shall be transferred to Carnegie and in the end to shareholders of Carnegie.

• At the time for the National Debt Office’s takeover, Max Matthiessen and the foreign operations still had their operating licenses. These companies were not comprised by the credit facilities from the National Debt Office.

• Carnegie will receive the final valuation report.

• If Carnegie does not approve the valuation made by the National Debt Office, Carnegie is entitled to have the valuation reviewed by a special committee according to the law about state aid to financial institutions.

• The valuation shall be conducted as quickly as possible. The time required for a potential examination by the special committee is today hard to predict.