Placing of shares in Sats ASA (NO) — NOK 350 million

Carnegie advised entities owned by Tryghedsgruppen (“TG”), Altor Fund III (“Altor”), and HFN Group AS (“HFN”), an entity owned by TG, Altor and former employees of the Company in the sale of 20,600,000 shares in Sats ASA (“SATS”) through an accelerated bookbuilding to Norwegian and international institutional investors at a price of NOK 17.0 per share, representing a c. 7.3% discount to last close. Following the share sale, TG and Altor hold approximately 22.6% and 19.2%, respectively.