Danske Markets has a leading M&A franchise Mergers & Acquisitions ()

DKK 550 million DKK 3.4 billion USD 500 million Amount undisclosed DKK 745 million Amount undisclosed

Sale of Roskilde Bank to , Sale of Acquisition of Segulah’s divestment Auriga Industries’ Joint sale of rental Bank and Arbejdernes Svendborg Brakes to 37.5% stake in of Kosan Crisplant divestment of HARDI companies DNE and Landsbank. Doughty Hanson Sauer-Danfoss to United Intl. Bank to Exel Industries J.J. to Loxam Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

Amount undisclosed DKK 108 million NOK 495 million Amount undisclosed SEK 875 million DKK 1.0 billion

Sale of 40% stake in Acquisition of Colas’ divestment of Acquisition of Public takeover of Imerco to M. Gold- Acquisition of Bluegarden by Spedalsø to Carlsson Research by Color Print by schmidt Capital Apoxis Multidata from Ratos Ikast Betonvarefabrik NeuroSearch Polaris Private Equity Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

Amount undisclosed DKK 184 million DKK 6.2 billion DKK 1.7 billion Amount undisclosed Amount undisclosed

Divestment of real Acquisition of Acquisition of Mandatory tender Sale of PBS Sale of estate project in 5th national Danish Potagua FLS through offer for NESA by International to Atlas Ejendomme to Billund to PARKEN radio licence by TV2 share exchange offer DONG Energy PBS Stodir Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

1 Danske Markets has a leading M&A franchise Mergers & Acquisitions (Denmark)

DKK 2.8 billion DKK 4.85 billion Amount undisclosed Amount undisclosed DKK 30 billion DKK 346 million

Defence advisory in Divestment of Carlberg’s divestment Exclusive sale of Public takeover of ISS Sale of 50.7% stake in connection with TDC Directories to of Danbrew to BTX Group (Brandtex) by EQT and Goldman Bella Center to hostile Sonepar bid European Directors Birch & Krogboe to EQT Sachs Capital Proark Financial Adviser Financial Co-Adviser Financial Adviser Financial Adviser Securities Adviser Financial Adviser

Amount undisclosed DKK 8.5 billion DKK 49 billion DKK 1.4 billion Amount undisclosed DKK 233 million

Sale of Meincke to Public takeover of Acquisition of DISA Industri Udvikling and Sale of 35% stake in Merger between Dansk Kapitalanlæg by Sale of Franzefoss Air (Filtration division) Palsgaard Elsam to Vattenfall Elsam and DONG investor consortium Danmark to DSV Miljø by Dantherm Holding Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

DKK 1.22 billion Amount undisclosed DKK 4.0 billion DKK 4.4 billion Amount undisclosed DKK 1.6 billion

Acquisition of ’s Existing shareholders’ Divestment of Copenhagen Stock divestment of acquisition of 22.2% Aalborg Portland and ICA’s divestment of Sale of 9.9% stake in Exchange by OMX DMdata to IBM stake in Elsam Unicon to Cementir ISO to Dagrofa Elsam to DONG Securities Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

2 Danske Markets has a leading M&A franchise Mergers & Acquisitions (Denmark)

DKK 400 million DKK 477 million DKK 2.7 billion Amount undisclosed DKK 8.3 billion Amount undisclosed

PBS International’s Gentofte and divestment of Mandatory tender Existing shareholders’ Sale of Junckers to a Copenhagen County’s Sale of Lalandia to Eurocard card issuing offer for NESA by acquisition of 16.3% consortium led by sale of 78.8% stake in PARKEN Sport & activities Elsam stake in Elsam Axcel NESA to Elsam Entertainment Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

DKK 4.4 billion Amount undisclosed Amount undisclosed DKK 90 million Amount undisclosed SEK 260 million

Public takeover of NTR’s divestment of Merger between Development of old GN Store Nord’s Acquisition of Svenska Radiometer by HOH Water D/S af 1912 and silos into residential divestment of NetTest Foder from KFK by Danaher Technology to BWT D/S Svendborg properties to Axcel consortium led by DLG Securities Adviser Financial Adviser Securities Adviser Financial Adviser Financial Adviser Financial Adviser

DKK 1.6 billion DKK 786 million DKK 533 million EUR 2.1 billion Amount undisclosed DKK 10.8 billion

Acquisition of certain Defence adviser in Merger between Acquisition of Divestment of HOH’s activities from KFK by relation to hostile bid Dantherm Holding and Hartwall by VFM activities to Public takeover of consortium led by DLG for D/S Norden Dansk Industri Invest Scottish & Newcastle Rambøll Navision by Microsoft Securities Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Securities Adviser

3 Danske Markets has a leading M&A franchise Mergers & Acquisitions (Finland)

Amount undisclosed Amount undisclosed EUR 73 million EUR 82 million EUR 14 million Amount undisclosed

COM PONENTA

Acquisition of Sale of Constructor Merger between Acquisition of Suomen Asiakastieto Finland to Aker Satama and Public takeover of Componenta’s Moventas by by Investcorp Material Handling Trainers’ House Birka Line by Eckerö divestment of Ulefos Industri Kapital Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

EUR 349 million Amount undisclosed Amount undisclosed EUR 750 million EUR 38 million EUR 25 million

Fairness opinion on Structured sale of Fortum’sdivestment the public bid for 380 MW capcity of of its Haapavesi power Acquisition of E.On Acquisition of K1 Sale of Enprima to Finnlines by Grimaldi the Meripori plant plant Finland by Fortum Katsastajat by Applus ÅF Group Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

EUR 350 million Amount undisclosed Amount undisclosed Amount undisclosed EUR 835 million Amount undisclosed

Aspocomp’s Fairness opinion to divestment of its Fairness opinion to Public takeover of SanomaWSOY’s Industri Kapital on its mechanics division to Alma Media’s CapMan on its sale of Saunlahti by Elisa divestment of Ajasto sale of Consolis Mecanova divestment of MTV3 Normet Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

4 Danske Markets has a leading M&A franchise Mergers & Acquisitions (Finland)

EUR 73 million EUR 116 million EUR 260 million EUR 42 million EUR 190 million EUR 1.4 billion

Fairness opinion to Merger between Acquisition of SysOpen on its Merger between Elisa OMX’sAPK Oyand Aker Finnyards by Sale of Engel-Yhtymä Acquisition of If by merger with Digia and Yomi VPC AB Kvaerner Masa-Yards to ISS Sampo Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

Amount undisclosed EUR 200 million EUR 210 million EUR 990 million SEK 158 million EUR 307 million

Raute’sdivestment of Acquisition of Tamro Kone’s divestment of its Precision division Sale of Novo Group to by Phoenix Merger between OM Public offer for Nordkalk to Ahlström to Eqvitec Partners WM-data Pharmahandel and HEX Diffchamb by Raisio Capital and CapMan Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

EUR 500 million EUR 360 million EUR 125 million EUR 105 million EUR 747 million Amount undisclosed

StoraEnso’ssale of its SanomaWSOY’s Instrumentarium’s forest holdings to merger with sale of its optical retail Acquisition of Orion by Public takeover of Acquisition of Altia by international investors Rautakirja division to Pearle Kronans Droghandel Partek by Kone Uneco Beverages Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

5 Danske Markets has a leading M&A franchise Mergers & Acquisitions (Norway)

Amount undisclosed Amount undisclosed Amount undisclosed NOK 220 million Amount undisclosed Amount undisclosed

HYDRAMARINE

Acquisition of 50% of AGR’s divestment of GMM Holding AS by Sale of RKC AS to Sale of Teeness ASA its Consultants Sale of Hydramarine Sale of Ivar T. Holth to Søndre Lunden AS Bergenco Beheer BV to Sandvik AB (publ) division to VPeople to Cargotec Panorama Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

Amount undisclosed Amount undisclosed Amount undisclosed Amount undisclosed Amount undisclosed NOK 65 million

Acquisition of 60% Hafslund’s divestment Acquisition of 20.5% Sale of Reslink to stake in Vingruppen i of its valuables Acquisition of Sale of D&F Group to of Eidsiva Reeri by Schlumberger Norden by Arcus transportation division Scandpower by Altor Ferd Private Equity Fosen Trafikklag Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

Amount undisclosed Amount undisclosed NOK 920 million Amount undisclosed DKK 375 million NOK 36 million

Sale of Drilling Fred Olsen & Co.’s Sale of TPL Norden til Sale of Vertech Sale of 51% stake in Sucra’sdivestment of Production divestment of Sterling DFDS Transport Offshore daVinci to Devoteam Arcus to Ratos Technology to Altor to Fons Eignarhaldsf. Solutions Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

6 Danske Markets has a leading M&A franchise Mergers & Acquisitions (Sweden)

Amount undisclosed Amount undisclosed Amount undisclosed Amount undisclosed SEK 845 million Amount undisclosed

Acquisition of Acquisition of Acquisition of Tilgin IPTV by Kaupthing Finans by Sale of AB BIODISK Acquisition of Uppsala Public takeover of Dataphone from Amino Technologies Resurs Bank to bioMérieux S.A. Stadsnät from TDC XPonCard Industri Kapital Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

Amount undisclosed Amount undisclosed Amount undisclosed Amount undisclosed Amount undisclosed Amount undisclosed

Hexagon’s divestment Kendrion’s divestment Sale of European Semcon’s divestment Acquisition of Acquisition of Jacket of Tidamek to of its Automotive Furniture Group to of Zpider to Enfo Karlskrona Nät Bredband Sweden Arkivator Metals division Ferd Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

EUR 36 million Amount undisclosed GBP 15 million SEK 146 million SEK 320 million USD 15 million

Acquisition of Hexagon’s divestment Sale of Reflex Flow International’s IVM Automotive by of Johnson Metall to Magnetics to Protect Public takeover of Acquisition of divestment of Avure to Semcon Norvestor Data Senea by Kampstrup Combursa by Cardo The Gores Group Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser Financial Adviser

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