Carlsberg aims to provide information and opportunities for dialogue to its shareholders through regular publication of news, interim reports, annual reports and General Meetings. The Company’s website is continuously updated with published information. Regular teleconferences and meetings are also arranged with professional investors.

The Supervisory Board regularly assesses whether the Company’s capital structure fulfils the interests of the Group and its shareholders. The overall goal is to ensure a capital structure which supports longterm, profitable growth. The capital structure is part of the Group’s strategy. The Company’s Articles of Association contain no limits on ownership or voting rights.

Carlsberg’s share capital has been divided into two classes for many years. All shares have the same nominal value (DKK 20), but while an A share carries 20 votes, a B share carries two votes but is entitled to a preferential dividend. Both classes of shares are listed on NASDAQ OMX Copenhagen A/S, so investors can choose which class they wish to invest in. The Supervisory Board believes that the division into A shares and B shares, combined with the Carlsberg Foundation’s position as majority shareholder, has been and will remain advantageous for all of the Company’s shareholders, as this structure supports the long-term development of the business.