1. Details of the person discharging managerial responsibilities/person closely associated  

a) Name: Carl Bache

2. Reason for the notification

a) Position/status: Member of the Carlsberg A/S Supervisory Board
b) Initial notification/Amendment: Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name:  Carlsberg A/S
b) LEI1 : 5299001O0WJQYB5GYZ19

4. 
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)
Description of the financial instrument, type of instrument: B-shares 
Identification code: DK0010181759

b)
Nature of the transaction: Sale of shares

c)
Price(s): 795.6 DKK per share
Volume(s): 100 shares

d) Aggregated information
- Aggregated volume: N/A
- Price: N/A

e)
Date of the transaction: 2018-08-21, 07:42 UTC (09:42 DK time)

f)
Place of the transaction: Nasdaq Copenhagen (XCSE)




1 LEI codes are currently not a mandatory field.


Attachment