Report of transactions in Carlsberg A/S shares of managerial staff and connected persons

Carlsberg A/S 100 Ny Carlsberg Vej Tel +45 33 27 33 00
              DK-1760 Copenhagen V CVR no 61056416    

COMPANY ANNOUNCEMENT
   REPORT NO 11/2008
    27 NOVEMBER 2008
         PAGE 1 OF 1

Carlsberg A/S - report of transactions in Carlsberg
A/S shares of managerial staff and connected       
persons                                            

Pursuant to section 28(a) of the Danish Securities Trading Act Carlsberg A/S    
shall report the transactions in Carlsberg A/S shares of managerial staff and   
connected persons:                                                              

Name                Jørgen Buhl Rasmussen
Reason              President & CEO      
Issuer              Carlsberg A/S        
ISIN code           DK0010181759         
Type                Shares               
Transaction         Acquisition          
Trading date        27 November 2008     
Market              OMX Nordic Exchange  
Number              2,500                
Market price in DKK 440,000              

Name                Jørn P. Jensen     
Reason              Deputy CEO & CFO   
Issuer              Carlsberg A/S      
ISIN code           DK0010181759       
Type                Shares             
Transaction         Acquisition        
Trading date        26 November 2008   
Market              OMX Nordic Exchange
Number              650                
Market price in DKK 107,250            

If you have any queries in relation to this announcement please contact Helle   
Bjørnskov Fischer, Company Secretary (phone: +45 3327 2189).                    

Carlsberg is one of the leading brewery groups in the world, with a large       
portfolio of beer and soft drinks brands. Its flagship brand - Carlsberg - is   
one of the fastest-growing and best-known beer brands in the world. More than   
40,000 people work for Carlsberg, and its products are sold in more than 150    
markets. In 2007 Carlsberg sold more than 115 million hectolitres of beer, which
is about 95 million bottles of beer a day. Find out more at                     
www.carlsberggroup.com.                                                         

www.carlsberggroup.com