Carlsberg A/S — Director's Dealing 2016

Aug 26, 2016

Carlsberg Group

Carlsberg Breweries A/S 100 Ny Carlsberg Vej 1799 Copenhagen V Denmark

Tel +45 3327 3300

+45 3327 3301

Fax +45 3327 4700

Carlsberg A/S – 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	Financial instrument (conditional share award) DK0010181759
b)	Nature of the transaction	Acquisition of conditional right to shares
c)	Price(s) and volume(s)	Price: 629.2 DKK per share Volume: 24,197 shares
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	2016-08-26,4:30pm UTC (2:30pm, DK time)
f)	Place of the transaction	Nasdaq Copenhagen (XCSE)

¹ LEI codes are currently not a mandatory field.

www.carlsberggroup.com

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Carlsberg Breweries A/S

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

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