Carlsberg A/S — Major Shareholding Notification 2016

Dec 10, 2016

Carlsberg has been informed that BlackRock, Inc. has reduced their direct and
indirect holding of Carlsberg shares. Following this, BlackRock, Inc. holds
less than 5% of the share capital in Carlsberg A/S.

Contacts:

Investor Relations:
Peter Kondrup +45 3327 1221
Iben Steiness +45 3327 1232

Media Relations:
Kasper Elbjørn +45 4179 1216
Anders Bering +45 4179 1217