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. Following the two below-mentioned transactions, Jørn P. Jensen's Carlsberg share holding has increased by 2,888 shares corresponding to a market price of DKK 1,677,928 (at the share price of the latter transaction).
| Name: | Jørn P. Jensen |
| Reason: | Member of Carlsberg A/S Executive Board |
| Issuer: | Carlsberg A/S |
| ISIN code: | DK0010181759 |
| Type: | Shares |
| Transaction: | Exercise of share options granted in 2006 (exercised in connection with expiry) |
| Trading date: | 19 February 2014 |
| Market: | OMX Nordic Exchange |
| Number: | 12,388 |
| Market price in DKK: | DKK 3,801,753 |
| Name: | Jørn P. Jensen | |
| Reason: | Member of Carlsberg A/S Executive Board | |
| Issuer: | Carlsberg A/S | |
| ISIN code: | DK0010181759 | |
| Type: | Shares | |
| Transaction: | Sale of shares (partial sale of shares acquired in connection with expiry of share options granted in 2006) | |
| Trading date: | 19 February 2014 | |
| Market: | OMX Nordic Exchange | |
| Number: | 9,500 | |
| Market price in DKK: | DKK 5,519,500 | |
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Contacts: Helle Bjørnskov Fischer, Group Legal, +45 3327 2189 |
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