Not for release, distribution or publication in whole or in part in or into the United States, Australia, Canada or Japan.
Landsbanki currently holds 13,643,280 shares in Carnegie. The shareholding was acquired as a part of trading assets received in the merger with the investment company Burdarás hf. announced on 2 August 2005. The proposed sale is consistent with Landsbanki's strategy of actively managing its trading portfolio positions and focusing the bank's effort on integrating its international operations.
The shares are being sold to international institutional investors through an accelerated bookbuilding offering. Deutsche Bank is acting as sole bookrunner of the offering with Carnegie acting as a sales agent on the transaction. The sale is contingent upon Landsbanki receiving an acceptable price for the shares at Landsbanki's sole discretion.
This announcement is not an offer of securities for sale in the United States, Australia, Canada, Japan or any other jurisdiction where such activity is unlawful and there will be no public offer of the shares in the United States, Australia, Canada or Japan or any other jurisdiction where such activity is unlawful.
There will be no public offer of the securities in any jurisdiction in circumstances which would require the publication of a prospectus or equivalent.
The shares referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under the securities laws of any state of the United States, and may not be offered or sold in the United States or to US persons absent registration or an applicable exemption from such registration.
In the United Kingdom, this press release is directed only at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order"), (ii) persons falling within any of the categories of persons described in Article 49 of the Financial Promotion Order and (iii) any other persons to whom it may otherwise lawfully be made. Persons of any other description should not act upon this document.
The shares will not qualify for distribution under any of the relevant securities laws of Canada or Japan, nor has any prospectus been lodged or registered in Australia with the Australian Securities and Investments Commission.