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Carlsberg A/S Director's Dealing 2015

Nov 11, 2015

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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: Social og Velfærdsfonden at Carlsberg, a related party to
Hans Scott Andersen

Reason: Section 28a, subsection 4(4) (legal entities).

Issuer: Carlsberg A/S

ISIN code: DK0010181759

Type: B-shares

Transaction: Sale

Trading date: 11 November 2015

Market: NASDAQ OMX Copenhagen

Number: 4280

Market price in DKK 2,518,838.02
DKK:

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