Carlsberg A/S — Earnings Release 2019

Oct 28, 2019

Page 1 of 1 Company announcement 45/2019 28 October 2019

UPGRADE OF 2019 EARNINGS EXPECTATIONS

The Carlsberg Group is adjusting its 2019 earnings expectations upwards due to solid earnings performance in Western Europe and China, which combined more than offset weakness in Russia. Consequently, we now expect:

• Organic growth in operating profit of around 10% (previously high-single-digit percentage growth).

Further details will be provided in connection with the Q3 2019 trading statement, which will be published on 31 October at 7.00 a.m. (CET).

Contacts

Investor Relations: Peter Kondrup +45 2219 1221 Iben Steiness +45 3327 1232 Media Relations: Kasper Elbjørn +45 4179 1216 Anders Bering +45 4179 1217

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