2/23/2004 8:55 

According to section 37 of the Danish Securities Trading Act, Carlsberg A/S notify
changes in shareholdings held by insiders:

ID code

Trading period

Net number of shares traded

Value of net number of shares traded in DKK

Total shareholding Number of shares

Market value of total shareholding in DKK

Carlsberg B
DK0010181759

19.02.2004

-1,267

344,624,-

11,175

2,966,962.-

 

Further information:

Hans Henrik Schmidt, Legal Counsel:   +45 33 27 12 06