D. Carnegie & Co’s offering of shares oversubscribed –

D. Carnegie & Co AB (publ)’s (”D. Carnegie & Co” or the ”Company”) offering of B shares directed to the general public and institutional investors in Sweden as well as selected institutional investors outside Sweden (the "Offering") has been completed. There has been a significant interest and the Offering was several times oversubscribed. The issue price has been set at SEK 39 per share. Commencing today, the Company’s B shares are traded on NASDAQ OMX First North (”First North”). D. Carnegie & Co is a streamlined real estate company focusing on residential properties in the Stockholm region situated outside the city centre. The Company's business concept consists of managing and refurbishing real estate and developing building rights in its existing real estate portfolio and thereby increasing the value thereof. The Offering in brief: · The final price in the Offering has been set to SEK 39 per share, equal to a market value in respect of all shares issued by D. Carnegie & Co of SEK 1,656 million after the Offering.[1] (http://#_ftn1) Through the Offering 15,384,615 new B shares will be issued by the Company. · In order to cover any overallotment in connection with the Offering, the Company has granted an overallotment option (the “Overallotment Option”) to ABG Sundal Collier AB (”ABG Sundal Collier”) to place further shares in the Company, corresponding to up to SEK 90 million or 15 per cent of the Offering. Overallotment has been carried out at the maximum volume, which means that an additional 2,307,692 B shares may be issued by the Company provided that the Overallotment Option is fully exercised. · The total value of the Offering, including overallotment, amounts to SEK 690 million prior to issue costs. Provided that the Overallotment Option is fully exercised, the Company will receive SEK 690 million prior to issue costs. · D. Carnegie & Co increases the shareholder base with approximately 2,800 new shareholders through the Offering. · Trading in D. Carnegie & Co’s B shares on First North commences today, i.e. 9 April 2014, under the ticker “DCAR”. · Following the Offering and provided that the Overallotment Option is fully exercised, the number of B shares will increase from 21,706,703 to 39,399,010 and as a result the number of B shares in the Company will increase from 27,076,569 to 44,768,876, which corresponds to a dilution of 40 per cent of the capital and 27 per cent of the votes in the Company. If the Overallotment Option is not exercised, the number of B shares will increase from 21 706 703 to 37 091 318 and thus the total number of shares in the Company from 27 076 569 to 42 461 184, corresponding to a dilution of approximately 36 per cent of the capital and approximately 24 per cent of the votes of the Company. · The Board of Directors has resolved to carry out a directed issue of new shares pursuant to the authorisation granted at the general meeting of D. Carnegie & Co held on 17 March 2014 in order to deliver the new B shares allotted in connection with the Offering. · In accordance with the terms and conditions of the Offering, the Board of Directors has prioritised current shareholders, with the exception of the principal shareholders. · In order to allow for B shares to be delivered prior to registration of the newly-issued shares by the Swedish Companies Registration Office and thereby commence trading in respect of the B shares, ABG Sundal Collier has today borrowed existing B shares from the Company’s principal shareholders Kvalitena AB (publ) and Frasdale International B.V. Ulf Nilsson, CEO, comments: “The interest for D. Carnegie & Co has been substantial among well-reputed Swedish and international institutions as well as private investors in Sweden, and we are happy to welcome about 2,800 new shareholders. We are pleased to note that many of our current shareholders have signed up for new shares in the company. The IPO will provide us with capital for new acquisitions and growth within our business model.” Knut Pousette, Chairman of the Board, comments: “We look forward to continue the development of the company in a listed environment, with an ambition to continue to the main market of the Stockholm stock exchange within one year. A strengthened capital base will give us every chance to at least double our property portfolio within the coming two years.” About D. Carnegie & Co D. Carnegie & Co is a real estate company focusing on residential properties within the Stockholm region and other growth areas. 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 the Company's established refurbishment method, BosystemTM. The refurbishment model is popular with both tenants and the Swedish Union of Tenants (Sw. Hyresgästsföreningen) as the apartments are attractively refurbished without any tenants being forced to vacate the premises against their will. At the beginning of 2014, Stendörren transferred its residential properties to D. Carnegie & Co and thereby became the owner of a real estate portfolio consists of residential properties in Stockholm’s growth areas (Sw. miljonprogram). As of 31 December 2013, the market value amounted to SEK 2,929 million and the total rental value was estimated to amount to SEK 287 million per year. The financial leasing rate is high and none of the properties are vacant.  D. Carnegie & Co’s real estate portfolio may be divided into six geographic areas: Bromsten, Spånga, Kista, Flemingsberg, Vårberg as well as properties and building rights in Solna and Tyresö. Advisers ABG Sundal Collier has been lead manager and bookrunner and Avanza Bank and Nordnet retail selling agents in connection with the Offering. G&W Fondkommission has acted as financial advisor in connection with the listing on First North and has been appointed as Certified Adviser (CA). Furthermore, the Company has engaged Vinge as legal advisor. For further information, please contact: Ulf Nilsson, CEO, D. Carnegie & Co AB +46 (0)8 121 317 00 Knut Pousette, Chairman of the Board of Directors, D. Carnegie & Co AB +46 (0)8 121 317 00 Further information is available on www.dcarnegie.se Important information The Offering is not intended for people whose participation requires that additional prospectuses be drawn up or registered or that any other action be taken beyond what is required under Swedish law. The Prospectus will not be distributed and may not be published or in any other way distributed or sent to anyone in a country where this would require that such additional measures be taken or where this would breach laws or regulations in the respective country. The shares that are subject to the Offering have not and will not be registered under the United States Securities Act of 1933 in its current wording ("Securities Act"), or in accordance with corresponding laws in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or another country besides Sweden and may not be offered, transferred or sold, directly or indirectly, in the United States of America, Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or a country where additional measures in the form of registration are required, or to persons domiciled there. ---------------------------------------------------------------------- [1] (http://#_ftnref1) Exclusive of any exercise under the Overallotment Option. About D. Carnegie & Co D. Carnegie & Co is a real estate company that owns and develops properties and projects, with a focus on housing, in the Greater Stockholm area and other growth areas. The property portfolio is valued at approximately SEK 3 billion and consists of about 280,000 square meter of lettable area. The company manages the portfolio under the brand name Stendörren and has a proven model, Bosystem™, for gradual and efficient renovation of the properties. D. Carnegie & Co is, since 2014, listed on NASDAQ OMX First North. www.dcarnegie.se