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## Remuneration of the Supervisory Board 

The fees for the Supervisory Board members for the financial year 2013 are set out below. 

The number of shares in Carlsberg A/S held by the Supervisory Board members at the be- ginning of the financial year and movements to 31 December 2013 are also shown here. 

## REMUNERATION OF THE SUPERVISORY BOARD 

<img src='content_image/151052.jpg'>

<img src='content_image/151049.jpg'>

## THE SUPERVISORY BOARD’S HOLDINGS OF CARLSBERG A/S SHARES 1 

<img src='content_image/151051.jpg'>

1  The holdings also include the holdings of the related parties of the Supervisory Board. No members of the Supervisory Board own shares or bonds in any of the subsidiaries or associated companies of Carlsberg A/S. 

