Information regarding action programme at Carnegie

Information regarding action programme at Carnegie

In conjunction with the publication of the six-month report for 2008, Carnegie
decided to initiate an action programme to reduce its cost base. Implementation
of the first part of the programme, which only affects Sweden, has begun.

The measures consist of increasing efficiency in business processes, personnel
reductions and phasing out of trading in currency and foreign equities (ADRs) in
Stockholm. Some 40 positions in Sweden will be affected. Costs for this part of
the programme are estimated to amount to SEK 40m and will be charged against
earnings for the third quarter.

A further review that also includes operations outside Sweden is in progress and
will be completed later this autumn.

The goal is to reduce expenses to the level prevailing at the end of 2006,
corresponding to a cost reduction of about 10 percent, adjusted for the
acquisition of Max Matthiessen.


For further information, contact:

Andreas Koch, Head of Communications and IR: +46 73 417 86 39,
andreas.koch@carnegie.se

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.