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

USD 26 million

Value undisclosed

DKK 2.5 billion

Value undisclosed

Value undisclosed

DKK 7.9 billion

Value undisclosed

DKK 92 million

Sale of Huntexil development program rights to Teva Pharmaceuticals Financial Adviser

Sale of Color Print to Stibo A/S Financial Adviser

Acquisition of Thrane & Thrane by Cobham Financial Adviser

Acquisition of Hanseatische Chocolade by Toms Gruppen Financial Adviser

Sale of R82 to Etac (Nordstjernan) Financial Adviser

Nordic Capital’s sale of Falck to Lundbeckfonden, Kirkbi and PFA Financial Adviser

Sale of Parkens Privathospital and Quattro Clinic to Teres Financial Adviser

Sale of Staxbo’s holding in Greentech Energy Systems Financial Adviser

Value undisclosed

Value undisclosed

Value undisclosed

DKK 280 million

DKK 2.5 billion

Value undisclosed

Value undisclosed

Value undisclosed

Sale of domestic health insurance portfolio to If Financial Adviser

Sale of Rahbek Transport to Give Sværgods Financial Adviser

Sale of Union Engineering to Capidea Financial Adviser

Divestment of Dantherm Filtration division to Nederman Financial Adviser

Divestment of Nykredit Forsikring to Gjensidige Financial Adviser

Divestment of Baltija Shipyard and BEC BLRT Grupp Financial Adviser

Sale of Dantec Dynamics to Nova Instrument Corp. Financial Adviser

Divestment of “d line” project business Financial Adviser

Value undisclosed

Value undisclosed

Value undisclosed

DKK 25 million

Value undisclosed

Value undisclosed

DKK 550 million

DKK 3.4 billion

Sale of Jupiter to a consortium including Pentaco Partners Financial Adviser

Merger between PBS and Nordito Financial Adviser

Divestment of Loksa Shipyard to a consortium of steel players Financial Adviser

Public offer for GourmetBryggeriet by Harboes Bryggeri Financial Adviser

Sale of H2O to Active Sportswear Financial Adviser

Sale of SIGNAL to Executive Capital Financial Adviser

Sale of Roskilde Bank to Nordea, Spar Nord Bank and Arbejdernes Landsbank Financial Adviser

Sale of Svendborg Brakes to Doughty Hanson Financial Adviser

USD 500 million

Value undisclosed

DKK 745 million

Value undisclosed

Value undisclosed

DKK 108 million

NOK 495 million

Value undisclosed

Acquisition of 37.5% stake in Sauer-Danfoss Financial Adviser

Segulah’s divestment of Kosan Crisplant to United Intl. Bank Financial Adviser

Auriga Industries’ divestment of HARDI to Exel industries Financial Adviser

Joint sale of rental companies DNE and J.J. To Loxam Financial Adviser

Sale of 40% stake in Imerco to M. Goldschmitdt Capital Financial Adviser

Acquisition of Apoxis Financial Adviser

Acquisition of Bluegarden by Multidata from Ratos Financial Adviser

Colas’ divestment of Spedalsø to Ikast Betonvarefabrik Financial Adviser

0

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

SEK 875 million

DKK 1.0 billion

Value undisclosed

DKK 184 million

DKK 6.2 billion

DKK 1.7 billion

Value undisclosed

Value undisclosed

Acquisition of Carlsson Research by Neurosearch Financial Adviser

Public takeover of Color Print by Polaris Private Equity Financial Adviser

Divestment of real estate project in Billund to PARKEN Financial Adviser

Acquisition of 5th national Danish radio licence by TV2 Financial Adviser

Acquisition of Potagua FLS through share exchange offer Financial Adviser

Mandatory tender offer for NESA by DONG Energy Financial Adviser

Acquisition of Digital Signatur assets from TDC Financial Adviser

Sale of PBS International to PBS Financial Adviser

Value undisclosed

DKK 2.8 billion

DKK 4.85 billion

Value undisclosed

Value undisclosed

DKK 30 billion

DKK 346 million

Value undisclosed

Sale of Atlas Ejendomme to Stodir Financial Adviser

Defence advisory in connection with hostile Sonepar bid Financial Adviser

Divestment of TDC Directories to European Directors Financial Co-Adviser

Carlsberg’s divestment of Danbrew to Birch & Krogboe Financial Adviser

Exclusive sale of BTX Group (Brandtex) to EQT Financial Adviser

Public takeover of ISS by EQT and Goldman Sachs Capital Securities Adviser

Sale of 50.7% stake in Bella Center to Proark Financial Adviser

Sale of Meincke to Industri Udvikling and Palsgaard Financial Adviser

DKK 8.5 billion

DKK 49 billion

DKK 1.4 billion

Value undisclosed

DKK 233 million

DKK 1.22 billion

Value undisclosed

DKK 4.0 billion

Sale of 35% stake in Elsam to Vattenfall Financial Adviser

Merger between Elsam and DONG Financial Adviser

Public takeover of Dansk Kapitalanlæg to consortium Financial Adviser

Sale of Franzefoss Danmark to DSV Miljø Financial Adviser

Acquisition of DISA Air (Filtration division) by Dantherm Holding Financial Adviser

Acquisition of Copenhagen Stock Exchange by OMX Securities Adviser

Danske Bank’s divestment of Dmdata to IBM Financial Adviser

Existing shareholders’ acquisition of 22.2% stake in Elsam Financial Adviser

DKK 4.4 billion

Value undisclosed

DKK 1.6 billion

DKK 400 million

DKK 477 million

DKK 2.7 billion

Value undisclosed

DKK 8.3 billion

Sale of 9.9% stake in Elsam to DONG Financial Adviser

PBS International’s divestment of Eurocard card issuing activities Financial Adviser

Mandatory tender offer for NESA by Elsam Financial Adviser

Existing shareholders’ acquisition of 16.3% stake in Elsam Financial Adviser

Sale of Junckers to a consortium led by Axcel Financial Adviser

Gentofte and Copenhagen County’s sale of 78.8% stake in NESA to Elsam Financial Adviser

Divestment of Aalborg Portland and Unicon to Cementir Financial Adviser

ICA’s divestment of ISO to Dagrofa Financial Adviser

1

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

EUR 170 million

EUR 1.5 billion

EUR 100 million

EUR 195million

Amount undisclosed

EUR 116 million

Value undisclosed

Value undisclosed

Sale of Luottokunta Oy to Nets Financial Adviser

Sale of Finish assets of Vattenfall AB Financial Adviser

Sale of Moventas to Clyde Blowers Financial Adviser

Sale of VTI Technologies by EQT to Murata Financial Adviser

Sale of Erätukku by Sponsor Capital to the management Financial Adviser

Acquisition of Finnkino Group by Ratos Financial Adviser

Sale of OneMed Group by CapMan to 3i Financial Adviser

Acquisition of Trafotek by Intera Equity Partners Financial Adviser

EUR 200 million

Value undisclosed

Value undisclosed

EUR 104 million

EUR 112 million

Value undisclosed

Value undisclosed

EUR 73million

Acquisition of Citibank’s consumer loan portfolio Financial Adviser

Divestment of Loksa Shipyard (Estonia) Financial Adviser

Sale of Norsteve AS port terminal operations Financial Adviser

Combination of share series and merger with Agrofin Arranger

Acquisition of Rocla by Mitsubishi Caterpillar Forklift Tender Offer Arranger

Acquisition of Suomen Asiakastieto by Investcorp Financial Adviser

Sale of Constructor Finland to Aker Material Handling Financial Adviser

Merger between Satama and Trainers’ House Financial Adviser

EUR 82 million

EUR 14 million

Value undisclosed

EUR 349 million

Value undisclosed

Value undisclosed

EUR 750 million

EUR 38 million

COMPONENTA

Public takeover of Birka Line by Eckerö Financial Adviser

Componenta’s divestment of Ulefos Financial Adviser

Acquisition of Moventas by Industry Kapital Financial Adviser

Fairness opinion on the public bid for Finnlines by Grimaldi Financial Adviser

Structured sale of 380 MW capacity of the Meripori plant Financial Adviser

Fortum’s divestment of its Haapavesi power plant Financial Adviser

Acquisition of E.ON Finland by Fortum Financial Adviser

Acquisition of K1 Katsastajat by Applus Financial Adviser

EUR 25 million

EUR 350 million

Value undisclosed

Value undisclosed

Value undisclosed

EUR 835 million

Value undisclosed

EUR 73 million

SanomaWSOY’s divestment of Ajasto Financial Adviser

Fairness opinion to Industri Kapital on its sale of Consolis Financial Adviser

Aspocomp’s divestment of its mechanics division to Mecanova Financial Adviser

Alma Media’s divestment of MTV3 Financial Adviser

Fairness opinion to CapMan on its sale of Normet Financial Adviser

Fairness opinion to SysOpen on its merger with Digia Financial Adviser

Sale of Enprima to ÅF Group Financial Adviser

Public takeover of Saunlahti by Elisa Financial Adviser

2

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

EUR 116 million

EUR 260 million

EUR 42million

EUR 190 million

EUR 1.4 billion

Value undisclosed

EUR 200 million

EUR 210 million

Merger between Elisa and Yomi Financial Adviser

Merger between OMX’s APK Oy and VPC AB Financial Adviser

Acquisition of Aker Finnyards by Kvaerner Masa-Yards Financial Adviser

Sale of Engel-Yhtymä to ISS Financial Adviser

Acquisition of If by Sampo Financial Adviser

Raute’s divestment of its Precision division to Eqvitec Partners Financial Adviser

Sale of Novo Group to WM-data Financial Adviser

Acquisition of Tamro by Phoenix Pharmahandel Financial Adviser

EUR 990 million

SEK 158 million

EUR 307 million

EUR 500 million

EUR 360 million

EUR 125 million

EUR 105 million

EUR 73million

Merger between OM and HEX Financial Adviser

Public offer for Diffchamb by Raisio Financial Adviser

Kone’s divestment of Nordkalk to Ahlström Capital and CapMan Financial Adviser

Stora Enso’s sale of its forest holdings to international investors Financial advisors

SanomaWSOY’s merger with Rautakirja Tender Offer Arranger

Instrumentarium’s sale of its optical retail division to Pearle Financial Adviser

Acquisition of Orion by Kronans Droghandel Financial Adviser

Public takeover of Partek by Kone Financial Adviser

Value undisclosed

EUR 10 million

EUR 2.1 billion

EUR 175 million

Value undisclosed

EUR 185 million

Value undisclosed

Value undisclosed

Teleste’s sale of its educational division to Eqvitec Funds Financial Adviser

Acquisition of Soon Communications by Elisa Communications Financial Adviser

Acquisition of Nokia’s Symbian unit in Pori by Digia Financial Adviser

Aldata Solutions’ divestment of its Barcode division to Informa Financial Adviser

Acquisition of Altia by Uneco Beverages Financial Adviser

Merger between Sonera and Telia Financial Adviser

Sale of Hartwall to Scottish & Newcastle Financial Adviser

BioTie Therapies’ merger with Contral Pharma and Carbion Financial Adviser

EUR 290 million

EUR 1.1 billion

EUR 80 million

EUR 500 million

Value undisclosed

EUR 200 million

EUR 1.1 billion

EUR 100 million

Schering’s divestment of Leiras to Nycomed Financial Adviser

Merger between Outokompu Steel and Avesta Sheffield Financial Adviser

Kemira’s divestment of Tikkurila CPS to Industri Kapital Financial Adviser

Sale of Altia’s 45% stake in Finlandia Vodka to BrownForman Beverages Financial Adviser

Acquisition of Modo Paper by M-real from SCA and Holmen Financial Adviser

Share exchange offer for Kauppakaari by Talentum Financial Adviser

Yleisradio’s sale of Digita to TDF Financial Adviser

Wärtsilä’s sale of Sanitec to BC Partners Financial Adviser

3

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

NOK 132million

Amount undisclosed

NOK 1.7 billion

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

NOK 220 million

Public offer and delisting of Simtronics Financial advisor

Sale of Rogaland Planbygg to Ramirent Financial Adviser

Sale of Orkla’s forest companies to Statskog Financial Adviser

Sale of Fluid Control to Heidenreich Holding Financial Adviser

Acquisition of 50% of GMM Holding AS by Søndre Lunden AS Financial Adviser

Sale of RKC AS to Bergenco Beheer BV Financial Adviser

Sale of Teeness ASA to Sandvik AB (publ) Financial Adviser

AGR’s divestment of its Consultants division to VPeopæe Financial Adviser

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

NOK 65 million

Sale of Hydramarine to Cargotec Financial Adviser

Sale of Ivar T. Holth to Panorama Tender Offer Arranger

Sale of Reslink to Schlumberger Financial Adviser

Acquisition of 60% stake in Vingruppen i Norden by Arcus Financial Adviser

Hafslund’s divestment of its valuables transportation division Financial Adviser

Acquisition of Scandpower by Altor Financial Adviser

Sale of D&F Group to Ferd Private Equity Financial Adviser

Acquisition of 20.5% of Eidsiva Rederi by Fosen Trafikklag Financial Adviser

Value undisclosed

Value undisclosed

NOK 920 million

Value undisclosed

DKK 375 million

NOK 36 million

Value undisclosed

Value undisclosed

Sale of Vertech Offshore Financial Adviser

Sale of 51% stake in daVinci to Devoteam Financial Adviser

Sucra’s divestment of Arcus to Ratos Financial Adviser

Sale of Drillling Production Technology to Altor Financial Adviser

Fred Olsen & Co.’s divestment of Sterling to Fons Eignarhaldsf. Financial Adviser

Sale of TPL Norden til DFDS Transport Solutions Financial Adviser

Divestment of Afviso by Storebrand, If, and Posten Norge Financial Adviser

Hafslund’s sale of its 46.5% stake in Tensil to Gurta Financial Adviser

NOK 210 million

NOK 147 million

USD 58 million

NOK 320 million

EUR 80 million

NOK 275 million

NOK 159 million

NOK 156 million

Acquisition of 34% stake in Arcus by Sucra Financial Adviser

Acquisition of Frontier Drilling by Carlyle Riverstone Financial Adviser

Divestment of Fred. Olesen Production Financial Adviser

Mandatory offer for DSNB by Siem Industries Financial Adviser

Acquisition of Pieters by Fjord Seafood Financial Adviser

Divestment of 50% stake in Ephorma to ErgoGroup Financial Adviser

Acquisition of 9.9% stake in Kværner by Yukos Financial Adviser

Municipality of Nittedal’s divestment of Nittedal Energiver Financial Adviser

HYDRAMARINE

4

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

Value undisclosed

Value undisclosed

Value undisclosed

EUR 27million

Value undisclosed

Value undisclosed

Value undisclosed

SEK 1.8 billion

Sale of Addici to Coor Service Management Financial Adviser

Sale of Smoke Free Systems to Priveq Investment Financial Adviser

Sale of STT Condigi to Tunstall Healthcare Group Financial Adviser

Sale of Cellartis to Cellectis Financial Adviser

Sale of Legevisitten Bemanning to Proffice Financial Adviser

Sale of eTRAVELi from Norvestor to Segulah Financial Adviser

Sale of Aspen from Valedo to CapMan Financial Adviser

Merger between Lbi and Obtineo Financial Adviser

SEK 8.5 billion

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

SEK 845 million

Acquisition of Ambea by KKR and Triton Financial Adviser

Sale of Composito Scandinavia to Hexagon Composites Financial Adviser

Sale of Götaverken Miljö to Babcock & Wilcox Financial Adviser

Sale of SVEAB to the management and a financial consortium Tender Offer Arranger

Acquisition of Kaupthing Finans by Resurs Bank Financial Adviser

Sale of AB BIODISK to bioMérieux S.A. Financial Adviser

Acquisition of Uppsala Stadsnät from TDC Financial Adviser

Public takeover of XPonCard Financial Adviser

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

EUR 36 million

Value undisclosed

Value undisclosed

Segulah’s divestment of Kosan Crisplant to United Intl. Bank Financial Adviser

Semcon’s divestment of Zpider to Enfo Financial Adviser

Hexagon’s divestment of Tidamek to Arkivator Financial Adviser

Kendrion’s divestment of its Automotive Metals division Financial Adviser

Sale of European Furniture Group to Ferd Financial Adviser

Acquisition of IVM Automotive by Semcon Financial Adviser

Hexagon’s divestment of Johnson Metall to Norvestor. Financial Adviser

Acquisition of Network Innovation by Voxson Carl L Eriksson Financial Adviser

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

GBP 15 million

SEK 146 million

SEK 320 million

NOK 275 million

Acquisition of Dataphone from Industri Kapital Financial Adviser

Acquisition of Tilgin IPTV by Amino Technologies Financial Adviser

Acquisition of Jacket Bredband Sweden Financial Adviser

Acquisition of Karlskrona Nät Financial Adviser

Sale Reflex Magnetics to Protect Data Financial Adviser

Public takeover of Senea by Kampstrup Financial Adviser

Acquisition of Combursa by Cardo Financial Adviser

Flow International’s divestment of Avure to The Gores Group Financial Adviser

5

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

Value undisclosed

Value undisclosed

Value undisclosed

SEK 5.5 billion

Value undisclosed

Value undisclosed

Value undisclosed

SEK 158 million

Kendrion’s divestment of its Fastening division Financial Adviser

Sale of Carmetec to NNE Financial Adviser

Danske Bank’s acquisition of Skandia Mäklarna Financial Adviser

Public takeover of Song Networks by TDC Securities Adviser

Acquisition of Arvako by Randstad Financial Adviser

Brio’s divestment of its Lek & Lär division Financial Adviser

Advice on Vattenfall’s broadband activities Financial Adviser

Public offer for Diffchamb by Raisio Financial Adviser

SEK 500 million

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

SEK 845 million

Value undisclosed

TietoEnator’s purchase of R&D assets from Ericsson Financial Adviser

Sale of Propacta Pensionsplanering to Willis Financial Adviser

Telefos’ divestment of Swedtel to Worldsel Tender Offer Arranger

Sale of Friluftsbolaget to Fjällräven Financial Adviser

Acquisition of NordNet by TeleTrade Financial Services Financial Adviser

Acquisition of Independent Media Group by Vision Park Financial Adviser

Acquisition of Aktiedirect.com by TeleTrade Financial Adviser

Acquisition of Interloop Studios by Vision Park Financial Adviser

Value undisclosed

Acquisition of Qb International by Razorfish Financial Adviser

6

Danske Bank has a leading M&A franchise Acquisition & Leveraged Finance

SEK 4.1 billion

EUR 540 million

SEK 7.0 billion

EUR 845 million

SEK 9.5 billion

Value undisclosed

Value undisclosed

Value undisclosed

Refinancing of Ambea for 3i Arranger

Acquisition of Coor Service Management by Cinven MLA

Acquisition of Thule by Nordic Capital Lead Arranger

Acquisition of Consolis by LBO France Lead Arranger

Acquisition of Capio by Apax & Noridc capital Lead Arranger

Recapitalisation of Falck for Nordic Capital Joint Lead Arranger

Recapitalisation of Chr. Hansen for PAI Partners Joint Lead Arranger

Recapitalisation of Ferrosan for Altor MLA

Value undisclosed

NOK 3.0 billion

EUR 5.7 billion

Value undisclosed

EUR 4.0 billion

SEK 15.9 billion

Value undisclosed

Value undisclosed

MBO of Inredningsglas by Accent Equity Partners MLA

Acquisition of Plantasjen by Apax MLA

Acquisition of Altana Pharma by Nycomed Joint Lead Arranger

Public takeover of Color Print by Polaris MLA

Public takeover of Eircom by Babcock & Brown Joint Lead Arranger

Acquisition of Gambro by EQT and Investors MLA

Add-on acquisition to Aalborg Industries for Altor and LD Equity Joint Lead Arranger

Recapitalisation of BTX Group (Brandtex) for EQT MLA

EUR 8.5 billion

EUR 36 million

Value undisclosed

Value undisclosed

Value undisclosed

Value undisclosed

USD 116 million

Value undisclosed

Acquisition of TDC by Apax, Blackstone, KKR, Permira & Providence MLA

Public takeover of Copenhagen Airports by Macquarie Airports Subunderwriter

Acquisition of Coffee Queen by Accent Equity MLA

Acquisition of Imerco by M. Goldschmidt Capital MLA

Recapitalisation of Expan for Procuritas MLA

Acquisition of Franzen by Color Print MLA

Acquisition of Roxar by Arcapita Arranger

Acquisition of Nera by Thrane & Thrane MLA

GBP 15 million

Acquisition of Tradimus by Nordic Capital MLA

7