BLACKSTONE UPDATES ITS PROPOSAL FOR ELECTION OF BOARD MEMBERS AHEAD OF EXTRAORDINARY GENERAL MEETING IN D. CARNEGIE & CO AB (PUBL) ON 14 OCTOBER 2016

D. Carnegie & Co AB (publ) (“D. Carnegie & Co” or the “Company”) has been
informed by Vega Holdco Sarl (“Vega”), controlled by Blackstone and holder of
approximately 28.61 percent of the total number of outstanding shares in the
Company, that Vega wishes to update its proposal to the extraordinary general
meeting on 14 October 2016 regarding the election of board members. The updated
proposal entails that James Seppala replaces Andrew Lax as proposed board member
and chairman of the board. Svein Erik Lilleland remains the second proposed
board member and no other changes are made to Vega’s proposals, announced on 21
September 2016.
A presentation of James Seppala is available on the Company's website. A
statement by the nomination committee regarding the updated proposal is included
below.

Statement from the nomination committee:
The nomination committee has been informed of Vega's adjusted proposal regarding
the board of directors and chairman of the board. The nomination committee has
considered the adjusted proposal and the new composition of the board.

The nomination committee maintains that the proposed board of directors,
including the adjusted proposal, with regards to the Company's operations and
conditions in general, provides an appropriate composition. In assessing the
proposed board members’ independence, it is the nomination committee's opinion
that the proposed composition of the board of directors in D. Carnegie & Co
still meets the independence requirements imposed by the Swedish Corporate
Governance Code.

Stockholm on 3 October 2016
D. Carnegie & Co AB (publ)
The board of directors

For further information, please contact
Mats Höglund, board member, phone +46 705 93 24 63

The information was submitted for publication, through the agency of the contact
person set out above, at 8 a.m. CET on 3 October 2016.
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 SEK15,205 million on 30 June 2016. The total rental value
amounted to SEK 1,349 million annually on 30 June 2016. The economic occupancy
rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed
on Nasdaq Stockholm.