Carlsberg A/S Share Buyback Programme

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/S announced a share buyback programme, as described in Company Announcement No. 01/2019. The programme is carried out in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour Regulations. According to the programme, Carlsberg A/S will repurchase B shares in two tranches at a total amount of up to DKK 4.5bn. The first tranche of up to DKK 2.5bn will take place during the period from 6 February to 9 August 2019, during which a maximum of 15 million B shares will be bought.

The following transactions were made under the share buy-back programme during 25 February – 1 March:

Transactions related to Carlsberg's incentive programmes have resulted in a net transfer of 58,057 B shares during 25 February – 1 March. These transactions were not part of the Safe Harbour programme.

With the transactions stated above, Carlsberg A/S holds a total of 434,761 own B shares, corresponding to 0.3% of the 152,556,806 issued A and B shares.

The details of each transaction made under the share buy-back programme are enclosed.

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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Attachments

• 07_UK_04032019_Carlsberg share buy-back_Transactions 25 Feb - 1 Mar 2019
• Appendi07_04032019