The Swedish Financial Services Authority has this morning announced its decision to issue Carnegie Investment Bank AB a warning.

The Swedish Financial Services Authority has this morning announced its decision
to issue Carnegie Investment Bank AB a warning.

No licenses have been revoked. The Financial Services Authority says that the
bank's extensive action program is satisfactory in combination with other
actions.

No customers will be affected by the decision - no customer-related business
areas are affected. 

The Financial Services Authority stipulates that Carnegie summon an
extraordinary general meeting to evaluate the board's constituency and that the
company's CEO must leave his position and imposes a fine of SEK 50 million on
the company. In addition, the Financial Services Authority is reporting
Carnegie's previous auditor, KPMG, as well as the auditor commissioned by the
Financial Services Authority, to the Committee for the Authorization of Public
Accountants. 

- “We have just received the Financial Supervisory Authority's report. We will
study the report in detail and revert to the FSA. Changes in the Board of
Directors of Carnegie Investment Bank AB will be managed in close collaboration
with the nomination committee,” says Christer Zetterberg. 

None of Carnegie's customers will be directly affected by the decision.

Carnegie's CEO Stig Vilhelmson has decided to resign from his position
[effective immediately]. The board has appointed Anders Onarheim as acting CEO
of Carnegie Investment Bank AB (presently head of Investment Banking and CEO of
Carnegie Norway ASA)  with Matti Kinnunen as the acting vice president (at
present COO).

- "As a consequence of the Financial Services Authority's report I am leaving my
position immediately. Carnegie is a fantastic company with employees who possess
a tremendous amount of competence and motivation, and who have shown a great
deal of resolve during these past difficult months. They comprise a strong
foundation that will take Carnegie far in the future," says Stig Vilhelmson. 

Carnegie will hold a press conference today Friday 28 September at 13.00 at its
offices on Västra Trädgårdsgatan 15.  Those participating in the press
conference will include Chairman of the Board Christer Zetterberg, acting CEO
Anders Onarheim, and acting vice president Matti Kinnunen, as well as the
chairman of the election committee Ulf Strömsten. Dial in number for the press
conference: + 44 (0) 208 817 9301 or + 46 (0) 850 520 270


For further information: 
Andreas Koch, Head of Communications and IR, tel: +46 (0)8-676 88 00