Close of Bookbuild

RNS Number:6279R
Singer & Friedlander Group PLC
03 November 2003


Singer & Friedlander Group PLC

Close of bookbuilding

3 November 2003



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN.

Bookbuilt placing of existing ordinary shares of Carnegie held by Singer &
Friedlander

This announcement appears as a matter of record only.



The bookbuilding process in connection with the placing (the "Placing") by
Cazenove & Co. Ltd ("Cazenove"), Goldman Sachs International ("Goldman Sachs")
and D. Carnegie AB on behalf of Singer & Friedlander Securities Limited ("SFS"),
a wholly owned subsidiary of Singer & Friedlander, of existing ordinary shares
in D. Carnegie & Co AB ("Carnegie"), which was announced on 3 November 2003, has
now closed.

An aggregate of 17.5 million shares in Carnegie (amounting to 26.2 per cent of
the issued share capital of Carnegie) was placed in the Placing at a price of 74
SEK per share and will be settled on 7 November 2003. This equates to gross
proceeds of approximately #97.5 million (at an exchange rate of SEK 13.28=#1).
Following the Placing, SFS will hold approximately 3.1 million shares in
Carnegie (amounting to approximately 4.6 per cent of the issued share capital of
Carnegie).

Cazenove acted as financial adviser to Singer and Friedlander. Cazenove and
Goldman Sachs acted as Joint Bookrunners in the Placing.



Enquiries

Singer & Friedlander Group PLC
John Hodson
Telephone No.:  (44 20) 7523 5912

Cazenove & Co. Ltd                                   Goldman Sachs International
Tim Wise/ Laurence Hollingworth                                      Gavin Brake
Telephone No.:  (44 20) 7588 2828              Telephone No.:  (44 20) 7774 1000





This announcement is for information purposes only and does not constitute an
offer or an invitation to acquire or dispose of any securities.



This announcement is not for distribution directly or indirectly in or into the
United States, Canada, Australia or Japan. This announcement does not constitute
an offer to sell or issue or the solicitation of an offer to buy or acquire
ordinary shares in the capital of Carnegie in the United States, Canada,
Australia or Japan or any jurisdiction in which such an offer or solicitation is
unlawful. The ordinary shares in Carnegie referred to in this announcement have
not been and will not be registered under the Securities Act and may not be
offered or sold within the United States absent registration or an exemption
from registration. No public offering of securities will be made in the United
Kingdom, the United States, Sweden or elsewhere.

This announcement has been issued on behalf of Singer & Friedlander by Cazenove
& Co. Ltd and Goldman Sachs International who are regulated in the United
Kingdom by the Financial Services Authority and does not constitute an offer to
sell or a solicitation of an offer to purchase any securities. Cazenove & Co.
Ltd and Goldman Sachs International are acting exclusively for Singer &
Friedlander and no one else in connection with the Placing and will not be
responsible to anyone other than Singer & Friedlander for providing the
protections afforded to clients of Cazenove & Co. Ltd and Goldman Sachs
International nor for providing any advice in relation to the Placing or any
other matters referred to in this press announcement.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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