4/30/2004 10:30 

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 (new)
DK0010304773

20.04.2004

+2,520

567,000.-

2,520

721,072.-

Please note that Carlsberg B (new) ID code DK0010304773 as of 27 April 2004 has been merged with Carlsberg B, ID code DK0010181759.

Further information:

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