At 31 December 2015, the Company’s largest shareholder was the Carlsberg Foundation, holding 30% of the share capital and 75% of the votes.

In addition to the Carlsberg Foundation, Massachusetts Financial Services Company (“MFS”) and BlackRock, Inc. have informed the Company that their holding of Carlsberg shares exceed 5% of the share capital.

At the end of 2015, Carlsberg had approximately 41,000 registered shareholders, together holding approximately 95% of the share capital.

Approximate geographical split of Carlsberg's shareholder base:



 Ownership structure