Carlsberg A/S — Director's Dealing 2016

Aug 31, 2016

Notification and public disclosure of transactions in Carlsberg A/S shares by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Heine Dalsgaard
2.	Reason for the notification
a)	Position/status	Member of the Executive Board (CFO)
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
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
Identification code	B shares
DK0010181759
b)	Nature of the transaction	Acquisition shares
c)	Price(s) and volume(s)	Price(s) Volume(s)
		628.50 DKK per share 7500 shares
d)	Aggregated information
- Aggregated volume
- Price	N/A
e)	Date of the transaction	2016-08-31, 9:06am UTC (11:06am, DK time)
f)	Place of the transaction	Nasdaq Copenhagen (XCSE)

¹ LEI codes are currently not a mandatory field.