Divestment of Carnitech A/S (DK) by Sabroe Refrigeration A/S (DK) — Amount not disclosed.

Carnegie acted as adviser to the Danish company Sabroe Refrigeration A/S in the sale of the shares in Carnitech A/S, a global leader in the manufacturing of on-board processing equipment on shrimp trawlers. The company was acquired by Marel hf., an Icelandic company in fish processing equipment industry.April, 1997.