Carnegie's Asset Management to be established as a separate company

Carnegie's Asset Management to be established as a separate company

Carnegie has decided to separate its Asset Management operations to form a new
holding company, with Altor and Bure as the main owners. The separation will
take effect at year-end and involves the asset management operations in Denmark,
Norway and Sweden. The transaction will be carried out at book value. As a
result of the transaction Bure will capitalize the new holding company with
about SEK 100 million in the beginning of next year. Bure´s share in the new
holding company amounts to 35 per cent. 

Carnegie Asset Management offers discretionary and advisory services, as well as
direct fund investments, to a global market through its operations in Sweden,
Denmark and Norway. Historically, these divisions have operated as autonomous
units in Carnegie, with limited interaction with other business areas.

“In this new structure, both Carnegie Investment Bank and the Asset Management
business can develop separately but in close co-operation, and we are confident
that this will benefit both companies. At the same time, Carnegie will gain an
even stronger independence in the core areas Securities, Investment Banking and
Private Banking,” says Frans Lindelöw, President and CEO of Carnegie Investment
Bank AB.

“By separating the Asset Management units into an independent Group, the
business will be able to better focus on a common offering of world-class funds
to the Nordic, European and international markets,” says Steinar Lundstrøm, Head
of Asset Management at Carnegie.

Clients and personnel will not be affected by the separation, and the newly
formed Asset Management Group will continue to operate under the Carnegie brand.
In parallel with the separation, co-operation and fund distribution agreements
will be concluded between Carnegie Investment Bank and the newly formed Asset
Management company to ensure close collaboration between the companies.

Gothenburg, 23 December 2009

Bure Equity AB (publ)

For more information, contact: 

Carl Backman, President, Bure Equity AB, tel. +46 31 708 64 59
Jonas Alfredson, CFO, Bure Equity AB, tel. +46 31 708 64 41

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The information contained herein is subject to the disclosure requirements of
Bure Equity AB under the Swedish Securities Market Act. This information has
been publicly communicated on 23 December, 2009, at 15:00 CET.
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Bure Equity AB (publ), corp. ID No. 556454-8781
P O Box 5419, SE-402 29 Gothenburg
Phone +46 31 708 64 00, Fax +46 31 708 64 80
www.bure.se