Carlsberg A/S — M&A Activity 2008

Jul 23, 2008

Page 1 of 1 23 July 2008 30/2008

Carlsberg sells its 20% stake in Israel Beer Breweries

Carlsberg hereby announces that it has sold its 20% stake in Israel Beer Breweries which was founded in 1992 by Carlsberg and its Israeli partner with CBC Group as the majority owner. The Buyer is CBC Group. Trough Israel Beer Breweries CBC Group is the partner of Carlsberg in Israel and Romania.

The selling price is USD 36 m.

As part of the deal between Carlsberg and CBC Group Israel Beer Breweries will on license basis continue the production of Carlsberg and Tuborg brands.

Contacts:

Investor Relations: Mikael Bo Larsen, +45 3327 1223 Media Relations: Jens Bekke, +45 3327 1412

Carlsberg Group is one of the leading brewery groups in the world, with a large portfolio of beer and soft drinks brands. Its flagship brand – Carlsberg – is one of the fastest-growing and best-known beer brands in the world. More than 40,000 people work for Carlsberg Group, and its products are sold in more than 150 markets. In 2007 Carlsberg Group sold more than 115 million hectolitres of beer, which is about 95 million bottles of beer a day.

Find out more at www.carlsberggroup.com

Carlsberg A/S 100 Ny Carlsberg Vej 1760 Copenhagen V Denmark CVR.nr. 61056416

Tel +45 3327 3300 Fax +45 3327 4701 carlsberg@carlsberg.com www.carlsberggroup.com