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## Shareholder Information 

## Shares 

Carlsberg A/SGLYPH<213> shares are listed on the Copenha- gen Stock Exchange in class Carlsberg A and Carlsberg B. The shares trade in denominations of DKK 20, the A-shares with 20 votes per share and the B-shares with 2 votes per share. 

There are 35.3m Carlsberg A-shares (nominal value DKK 705m) and 28.6m Carlsberg B-shares (nominal value DKK 573m), a total nominal value of DKK 1,278m. 

The Carlsberg B-share is listed on the KFX- index, and total turnover for the accounting period amounted to DKK 49.1m shares at a total value of approx. DKK 18.8bn. The previous year (15 months), turnover amounted to DKK 36.6m shares at a value of about DKK 10.7bn. 

In the financial year 2001, the highest quoted price for the Carlsberg B-share was DKK 490 and the lowest quoted closing price was DKK 330. Highest and lowest quoted closing prices in 1999/ 00 were DKK 468 and DKK 223, respectively. 

At the end of 2001, CarlsbergGLYPH<213>s market value amounted to DKK 20.9bn against DKK 28.8bn the year before. The quoted price of the Carlsberg B- share at year-end was DKK 348 against DKK 468 at the end of 1999/00. 

## Shareholders 

The Carlsberg Foundation holds 55.21% of the share capital - divided on 29,985,914 A-shares and 5,297,344 B-shares (cf. announcement of 11 September 2001). As at 14 February 2002, no other shareholder is recorded as holding a stake of more than 5%. 

The remaining shares are held by approx. 

## Share references 

20,000 shareholders of which about 16,000 are registered in the companyGLYPH<213>s register of sharehol- ders. As at 31 December 2001, the registered shareholders represented a total share capital of DKK 1,078m, corresponding to 84% of the share capital. 

Based on a review of its register of sharehol- ders and an analysis of foreign institutional inve- stors, Carlsberg has identified the following ow- nership shares at the end of the financial year: 

<img src='content_image/8130.jpg'>

The total share of identified Danish institutional in- vestors has declined from 23.6% to 14% during the period, whereas the share of foreign institutio- 

<img src='content_image/8131.jpg'>

