CASH TENDER OFFER – ANNOUNCEMENT OF INDICATIVE RESULTS

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

Carlsberg Breweries A/S (the Offeror) announced on 5 May 2026 separate invitations to holders of its outstanding (i) €850,000,000 Floating Rate Notes due February 2027 (ISIN: XS3002415142) (the 2027 February Notes); (ii) €500,000,000 0.375 per cent. Notes due 30 June 2027 (ISIN: XS2191509038) (the 2027 June Notes and, together with the 2027 February Notes, the 2027 Notes); (iii) €700,000,000 4.000 per cent. Notes due 5 October 2028 (ISIN: XS2696046460) (the 2028 Notes); and (iv) €1,000,000,000 3.000 per cent. Notes due 28 August 2029 (ISIN: XS3002418914) (the 2029 Notes and, together with the 2027 Notes and the 2028 Notes, the Notes), in each case to tender their outstanding Notes for purchase by the Offeror for cash up to the Maximum Acceptance Amount, on the terms and subject to the satisfaction (or waiver) of the New Issue Condition (each such invitation an Offer and, together, the Offers).

The Offers were made on the terms and subject to the conditions (including, but not limited to, the New Issue Condition) contained in the tender offer memorandum dated 5 May 2026 (the Tender Offer Memorandum) prepared by the Offeror in connection with the Offers and was subject to the offer and distribution restrictions described in the Tender Offer Memorandum. Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in the Tender Offer Memorandum.

On 6 May 2026, the Offeror announced that the initial Maximum Acceptance Amount had been set at €1,050,000,000 in aggregate nominal amount of the Notes.

The Offers expired at 5.00 p.m. (CEST) on 12 May 2026 (the Expiration Deadline) and the Offeror now announces the indicative results of the Offers.

The full company announcement with all information is attached.

The company announcement is released by the Offeror and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the indicative results of the Offers described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Mads Jæger, VP Group Treasury & Risk Management.

DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. The offer period for the Offers has now expired and no further tenders of Notes may be made. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Offeror, the Sole Dealer Manager and the Tender Agent to inform themselves about, and to observe, any such restrictions.

Contacts

Investor Relations:  
Peter Kondrup +45 2219 1221      
Iben Steiness +45 2088 1232

Media Relations:   
Mars Rasmussen +45 4060 8628