Carnegie: Incentive Program

Stockholm, SWEDEN

STOCKHOLM, Sweden, Nov. 7, 2001 (PRIMEZONE) -- Carnegie's (SSE:CAR) board has, as was indicated in connection with the listing of Carnegie in June 2001, decided to call an extraordinary general meeting for November 28, 2001, at which it will propose to shareholders that an incentive program be introduced for all current employees within the Carnegie group. At the meeting it will be proposed that up to SEK 240 000 of bonds are issued with a maximum of 2,400,000 detachable warrants. The proposed issue is to be made to a wholly-owned subsidiary, which will transfer these warrants without charge to employees within the Carnegie group.

Each warrant will carry the right to acquire one new Carnegie share, for a sum equivalent to 120 percent of the average Carnegie share price during the week following publication of Carnegie's year-end results. The right to acquire new shares will run until April 29, 2005.

In the event that the full amount of warrants are exercised, the share capital will rise by SEK 4,800,000, corresponding to 3.6 percent of the company's current share capital.

The allocation will take place according to the board's decision in blocks of 100 warrants. The maximum individual allocation will be 10,000 warrants. Carnegie's costs for the program (payroll taxes) are estimated to be less than SEK 10 million.

About Carnegie

Carnegie is the leading Nordic investment bank and asset management firm operating in three principal business areas: Securities, Investment Banking and Asset Management & Private Banking. Carnegie provides a wide array of products and services to Nordic and international clients from offices in seven countries: Sweden, Denmark, Norway, Finland, Luxembourg, UK, and the US.


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