Comment in relation to agreements between Blackstone and three shareholders in D. Carnegie & Co AB (publ)

D. Carnegie & Co AB (publ) (”D. Carnegie & Co” or the “Company”) has noted that
today, on 15 July 2016, Blackstone Real Estate Partners Europe IV and Blackstone
Real Estate Partners VIII (jointly “Blackstone”) have announced that agreements
regarding transfer of shares at a price of SEK 100 per share and exercise of
voting rights have been reached between Blackstone, through its entity Vega
Holdco Sarl, and three of D. Carnegie & Co:s largest shareholders Kvalitena AB
(“Kvalitena”), Svensk Bolig Holding AB and Frasdale Int. BV (“Frasdale”).
D. Carnegie & Co has also noted that the transfers and the grant from Kvalitena
and Frasdale of the right to exercise the voting rights of their remaining
shares in D. Carnegie & Co, provided that certain conditions are fulfilled and
the shares are transferred, will result in Blackstone holding 40 percent of the
voting rights and 32 percent of the share capital and controlling 53 percent of
the voting rights in the Company. Provided that the transfers are completed,
Blackstone will thus become the new controlling shareholder in the Company and
obliged to launch a bid for all the remaining shares in the Company at a price
of not less than SEK 100 per share in accordance with applicable takeover
rules.
With regard to the contemplated transfers, the board of directors has within
itself appointed an independent committee, consisting of Mats Höglund (chairman
of the committee) and Eva Redhe, to represent the Company in connection with a
potential mandatory bid and make a statement regarding such offer. The board of
directors has also appointed SEB to act as financial advisor and Vinge to act as
legal advisor.

Stockholm on 15 July 2016

D. Carnegie & Co AB (publ)

The board of directors
For further information, please contact
Mats Höglund, board member and chairman of the committee, phone +46 705 93 24 63

This press release was submitted for publication on 15 July 2016 at 12.00 (CET).
About D. Carnegie & Co
D. Carnegie & Co is a real estate company focusing on residential properties in
the Stockholm region. The Company’s business concept is to own and manage its
real estate portfolio and to gradually refurbish apartments in connection with
the natural turnover of tenants. This can take place quickly and cost
-efficiently due to our Bosystem refurbishment method which, among other things,
does not require tenants to vacate the premises. The Company also creates
significant value through the development of building rights in the existing
portfolios. As of 31 March 2016, the market value of the company's properties
amounted to MSEK 13.873. As per 31 March 2016, the total rental value amounted
to MSEK 1.262 annually. The financial leasing rate is high with no vacancies. D.
Carnegie & Co is listed on Nasdaq Stockholm.