Carnegie responds to the Financial Supervisory Authority's request for a statement

Carnegie responds to the Financial Supervisory Authority's request for a
statement 

Carnegie Investment Bank AB (“Carnegie”) today submits its response to the
Swedish Financial Supervisory Authority's (“FSA”) letter of 28 November.
Carnegie is engaged in continuous dialogue with the FSA and takes their
assessments seriously. Carnegie's answer includes a report on the measures
already taken and the measures underway to ensure Carnegie's stability and
compliance.

- Carnegie's current Board and Group management are comprised of entirely
different members than those who were in place when Carnegie received a warning
from the FSA in 2007.  The first priority of both the Board and Group management
is to run an operation which is in compliance with existing regulations and
which earns the trust of its stakeholders.  Major changes have taken place, but
change processes take time, says Anders Fällman, Chairman of the Board. 

Since the new Board assumed its duties in November 2007, measures taken in close
dialogue with the Financial Supervisory Authority have included:

• Strategic decision to focus on the core business implying a lower risk
exposure and a reduced balance sheet.

• Gradual reduction of the business' market risk by reducing the volume of
proprietary trading.

• Reduction of credit risk by totally freezing extension of credit within the
area of Equity Finance and centralisation of all credit decisions to Carnegie
Investment Bank AB in Stockholm.

• The 2007 action programme has to a great extent been completed. Some parts are
still being implemented; this is partly due to the reorganisation of Carnegie
into three independent business areas which is in progress.

• An entirely new Group management has been recruited and essential risk and
control operations have been strengthened.  The management changes include a new
CEO, a new CFO, a new CRO, a new General Counsel and new Business Area Managers
for Asset Management and Private Banking/Max Matthiessen. Recruitment of a new
Business Area Manager for Securities/Investment Banking is ongoing.

• Carnegie's response to the FSA includes a report on how the single large
credit commitment has been managed and reduced lately. The commitment has
existed in the Group since 2004. Carnegie has also described the difficulties
associated with this reduction in a turbulent market situation.

• Continuous implementation of further measures resulting from the new
management team's analysis of how the stability and compliance of Carnegie can
be guaranteed.

In its response, Carnegie emphasises that the company is aware of the need for
high speed in the change process in order to ensure stability and compliance.


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.