Carnegie: January-September 2005


STOCKHOLM, Sweden, Oct. 26, 2005 (PRIMEZONE) -- Net profit first nine months SEK 400 million (SEK 243 million)

-- Carnegie's net profit for the first nine months 2005 was SEK 400 million (SEK 243 million). Net profit for the third quarter increased by 331% Y/Y to SEK 161 million (SEK 37 million). Earnings per share for the first nine months were SEK 6.00 (SEK 3.64) and SEK 5.90 (SEK 3.62) after full dilution.

-- Total income in the first nine months 2005 was up 23% Y/Y to SEK 2,301 million (SEK 1,867 million). Total income in the third quarter was up 77% Y/Y to SEK 847 million. For the nine-months-period, Securities' income increased by 25% to SEK 1,076 million, reflecting the turnover increase of 22% in the Nordic stock markets and a favourable trading environment. Investment Banking had a strong third quarter and income in the first nine months increased by 38% Y/Y to SEK 446 million. Asset Management income increased by 30% to SEK 444 million, whereof performance fees accounted for SEK 81 million (SEK 4 million). Private Banking income declined by 2% Y/Y to SEK 335 million. On a like-for like-basis, reflecting structural changes, Private Banking income increased by 15%.

-- Assets under management (AUM) in business area Asset Management increased by SEK 23 billion during the first nine months to SEK 85 billion, of which net inflow accounted for SEK 6 billion and increasing asset values accounted for SEK 17 billion.

-- The client volume in Private Banking has increased by SEK 19 billion from the beginning of the year to SEK 50 billion, mainly reflecting an increase in asset values but also a good net inflow.

-- Total expenses before profit-share for the first nine months were SEK 1,157 million (SEK 1,160 million), unchanged Y/Y. Total expenses in the third quarter were SEK 384 million (SEK 365 million), up 5% Y/Y. The estimated cost range for 2005 of SEK 1,500 to 1,600 million remains unchanged.

-- In order to further support growth in the operations of the Carnegie Group and considering the future changes in the regulatory environment resulting from the proposed Basel II Accord, Carnegie closed a dual-tranche Euro 25 million and SEK 250 million subordinated debt (lower Tier 2 capital) offering on 12 October. The issues are 10-year notes, callable from 2010.

Quotations from Karin Forseke, CEO:

"Carnegie continues to excel. The key components in our business model are focused businesses and a stable cost base. The favourable markets, coupled with an exceptionally strong organisation, now enable us to deliver very good results across the board."

Auditors' examination: This interim report has been reviewed by the company's auditors.

Teleconference

Carnegie's CEO Karin Forseke and CFO Mats-Olof Ljungkvist will present the nine-month results at a teleconference held 26 October at 4.00 PM (CET). It will be open to the public. In order to participate, please call +44(0)20 7365 1855. The conference call will also be accessible as an audio live web cast (including slide presentation) at www.carnegie.se/ir. For those unable to listen to the live web cast, a replay will be available at www.carnegie.se/ir approximately one hour after the event.


 Contact persons
 For further information, please contact:
 Karin Forseke (CEO) +46 8 5886 90 10
 Mats-Olof Ljungkvist (CFO) +46 8 5886 90 13
 Birgitta Henriksson (IR) +46 8 5886 86 39.

 Financial calendar 2006
 Year-end report, 2 February
 Annual general meeting, 23 March
 Last day for trading in the Carnegie share including dividend,
   23 March
 Interim report January-March, 26 April
 Interim report January-June, 13 July
 Interim report January-September, 18 October

Additional information is available at www.carnegie.se/ir.

Carnegie is an independent Nordic investment bank operating in Securities, Investment Banking, Asset Management and Private Banking. Carnegie provides a wide array of financial products and services to Nordic and international clients from offices in eight countries: Sweden, Denmark, Norway, Finland, Luxembourg, Switzerland, the UK and the US.

This information was brought to you by Waymaker.

http://www.waymaker.net

The following files are available for download:

http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=144963&fn=wkr0001.pdf