Carlsberg A/S: Voluntary offer to minority shareholders in Baltika Breweries submitted to Russian authorities

At the Carlsberg Group's 2011 full-year announcement on 20 February 2012, the Group announced its intent to make a voluntary offer to the minority shareholders of Baltika Breweries. The Carlsberg Group's fully-owned subsidiary Baltic Beverages Holding Aktiebolag, who is the main shareholder of Baltika Breweries with a shareholding of 84.55%, has now submitted the voluntary offer for approval by the Russian Federal Financial Markets Service. The contents of the voluntary offer will be published in due course.

Contacts: Investor Relations: Peter Kondrup [phone] Media Relations: Jens Bekke [phone] Ben Morton [phone]

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