Denmark: Carlsberg’s good start of the year leads to upwards adjustment for 2007

Carlsberg announces a good start of the year and is going to make upwards adjustment of the expectations for
2007, according to company’s press room, May 10.

- Net revenue climbed 14% to a total of DKK 8.9bn as a result of strong organic growth on Carlsberg's growth markets in Eastern Europe and Asia and a positive contribution from activities in Western Europe. In local currencies, net revenue climbed 15%.

- Operating profit was DKK 402m, an increase of DKK 319m on the same period of 2006. Activities in Western Europe showed good progress and, together with a strong performance by BBH, accounted for the majority of the overall profit improvement. As expected there was an increase in central costs to support continued business development.

- The full-year outlook for operating profit is being increased by DKK 200m to approx. DKK 4.7bn (DKK 4,046m in 2006). Full-year net profit is now expected to be at least DKK 2bn (DKK 1,884m in 2006).

11 May, 2007