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Carlsberg A/S M&A Activity 2008

May 23, 2008

3355_iss_2008-05-23_3748153e-e88a-4337-9112-e2c0f25fd068.pdf

M&A Activity

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COMPANY ANNOUNCEMENT 23/2008

23 MAY 2008 PAGE 1 OF 1

UPDATE – CARLSBERG IN NEGOTIATIONS REGARDING POSSIBLE SALE OF ITS 95.65% STAKE IN TÜRK TUBORG

Further to our company announcement issued 27 March 2008 about signing of a Memorandum of Understanding regarding possible sale of Carlsberg's 95.65% stake in Türk Tuborg to CBC Group Carlsberg confirms that due diligence has been conducted and that negotiations are still going on.

A further announcement will be made in due course.

For further information, please contact:

Investor Relations: Mikael Bo Larsen +45 3327 1223
Media Relations: Jens Peter Skaarup +45 3327 1417

Carlsberg 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, and its products are sold in more than 150 markets. In 2007 Carlsberg 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.