Information regarding legal proceedings

Information regarding legal proceedings

Please find below information regarding the appeal against the decision by the
Swedish Financial Supervisory Authority and potential claims for damages against
the former Board of Directors and CEO. The Board of Directors of Carnegie has
decided not to pursue these matters.  

The appeal against the Swedish Financial Supervisory Authority's decision
The Board of D. Carnegie & Co AB (”Carnegie”) has assessed the question if it is
in the interest of Carnegie and its shareholders to proceed with the appeal
against parts of the sanctions that the Swedish Financial Supervisory imposed on
Carnegie Investment Bank AB in September 2007. The Board has noted that the
appeal process is burdensome, complicated and estimated to be long-lasting. In
the appeal submission, Carnegie expressed its arguments and views on the matter.


After an overall assessment of the conditions for the process and the interest
of Carnegie, Carnegie Investment Bank AB and its shareholders, the Board has
resolved to withdraw the appeal. This decision will allow the Board and company
management to focus fully on the business. 

Potential claims for damages against the former Board of directors and CEO
Following the resolutions of the annual general meetings on 7 April 2008 in
Carnegie and Carnegie Investment Bank AB not to grant discharge of liability to
certain members of the previous Board of Directors and the CEO, the current
Board has instructed legal expertise to investigate the conditions for bringing
a claim for damages against individual former board members and the CEO. This
investigation is now complete.

The investigation has been carried out by the law firm Cederquist and includes a
thorough survey of the facts in the matter. Furthermore, the investigation has
resulted in a legal assessment of the issue of liability for the costs that
Carnegie and Carnegie Investment Bank AB have incurred due to the incorrect
valuation of the trading portfolio during the years 2005-2007, the penalty fee
and other sanctions imposed on Carnegie Investment Bank AB by the Swedish
Financial Supervisory Authority, and the penalty fees imposed on Carnegie and
Carnegie Investment Bank AB by the Disciplinary Committee of the OMX Nordic
Exchange.

The matter regarding claims for damages relates to the former board members
Christer Zetterberg, Hugo Andersen, Niclas Gabrán, Anders Ljungh, Dag Sehlin and
Fields Wicker-Miurin for the period 1 January-21 November 2007, and the former
board member and CEO Stig Vilhelmson for the period 1 January-28 September 2007.

In consideration of the conclusions of the investigation, the view of the Board
is that it is not in the interest of Carnegie nor its shareholders to commence
further legal proceedings, which are thought to be lengthy and expensive, and
where the expectations of legal success are deemed to be low. Additional legal
proceedings would put a burden on Carnegie's organisation and weaken the
business focus. Based on the facts known today combined with the thorough
external legal investigation, the Board has resolved that Carnegie and Carnegie
Investment Bank AB will not bring claims for damages against the former board
members and CEO.


For further information, please contact:

Andreas Koch, Head of Communications and IR: +46 (0)73 417 86 39


Carnegie is a leading independent investment bank with Nordic focus. Carnegie
provides value-added services in securities brokering, investment banking, asset
management, and private banking, as well as pension advisory services to
institutions, corporations and private clients. Carnegie has approximately 1,100
employees in eight countries and is listed on the Nordic Exchange.