Report of transactions in Carlsberg A/S shares of

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

COMPANY ANNOUNCEMENT
   REPORT NO 12/2008
     4 DECEMBER 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                Niels Kærgård                              
Reason              Member of Carlsberg A/S' Board of Directors
Issuer              Carlsberg A/S                              
ISIN code           DK0010181759                               
Type                Shares                                     
Transaction         Acquisition                                
Trading date        3 December 2008                            
Market              OMX Nordic Exchange                        
Number              600                                        
Market price in DKK 106,800                                    

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

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