Carlsberg A/S — Director's Dealing 2014

Aug 22, 2014

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: Nina Smith

Reason: Member of Carlsberg A/S' Supervisory Board

Issuer: Carlsberg A/S

ISIN code: DK0010181759

Type: B-shares

Transaction: Acquisition

Trading date: 20 August 2014

Market: NASDAQ OMX Copenhagen

Number: 192

Market price in DKK: DKK 99.360,00

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The Carlsberg Group is one of the leading brewery groups in the world, with a
large portfolio of beer and other beverage brands. Our flagship brand –
Carlsberg – is one of the best-known beer brands in the world and the Baltika,
Carlsberg and Tuborg brands are among the eight biggest brands in Europe. More
than 45,000 people work for the Carlsberg Group, and our products are sold in
more than 150 markets. In 2013, the Carlsberg Group sold 120 million
hectolitres of beer, which is about 36 billion bottles of beer. Find out more
at www.carlsberggroup.com.

     Contacts: Monica Gregers Smith, Group Legal, +45 3327 2198