Carlsberg A/S — M&A Activity 2012

Aug 21, 2012

The Carlsberg Group has increased its ownership of Baltika Breweries by 12.05%
to 96.77% through a voluntary offer that expired on 9 August. The offer was
made through Carlsberg’s fully-owned subsidiary, Baltic Beverages Holding
Aktiebolag, and successfully met the minimum conditions. When the necessary
administrative steps have been completed the Carlsberg Group intends to launch
a compulsory purchase of the remaining outstanding shares in Baltika Breweries.

     Contacts:

     Investor Relations:
     Peter Kondrup +45 3327 1221

     Media Relations:
     Jens Bekke +45 3327 1412
     Ben Morton +45 3327 1417