- Page 6 and 7: RISK FACTORSThe Issuer believes tha
- Page 8 and 9: which they are sold, resulting in c
- Page 10 and 11: Risks Related to the Group’s Busi
- Page 12 and 13: The Group’s operating results may
- Page 14 and 15: Labour disputes may cause work stop
- Page 16 and 17: Fixed/Floating Rate NotesFixed/Floa
- Page 18 and 19: Credit ratings may not reflect all
- Page 20 and 21: Form of Notes:Clearing Systems:Init
- Page 22 and 23: Redemption:Redemption by Instalment
- Page 24 and 25: TERMS AND CONDITIONS OF THE NOTESTh
- Page 26 and 27: (c)(d)(e)(f)Exercise of Options or
- Page 29 and 30: (y)(z)if the Relevant Screen Page i
- Page 31 and 32: Period shall equal such Interest Am
- Page 33 and 34: (v)if “30E/360” or “Eurobond
- Page 35 and 36: “Interest Determination Date” m
- Page 37 and 38: (ii)Other Notes: The Early Redempti
- Page 39 and 40: the specified office of the Registr
- Page 41 and 42: 8 TaxationAll payments of principal
- Page 43 and 44: approved by an Extraordinary Resolu
- Page 45 and 46: Coupon, Talon or the Deed of Covena
- Page 47 and 48: (c)Service of Process: The Issuer i
- Page 49 and 50: 3 Exchange3.1 Temporary Global Note
- Page 51 and 52: principal in respect of any Notes w
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accountholders with a clearing syst
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CARLSBERG BREWERIES A/SIntroduction
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In 2008 Carlsberg and Heineken N.V.
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●In recent years most of the Grou
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complement its position in local ma
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ProductionDue to similar production
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entered into with Heineken regardin
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The following table shows the break
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GreeceMythos Brewery is the second
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AsiaOverviewThe Group’s activitie
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Regulatory EnvironmentThe Group’s
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Recent DevelopmentsIn January 2009,
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individual resident in another Memb
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United KingdomEach Dealer has repre
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Final Terms dated [●]Carlsberg Br
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13 [(i)] Status of the Notes: [Seni
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18 Index-Linked Interest[Applicable
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(ii)(iii) Notice period [●][●]
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29 Details relating to Instalment [
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5 [Index-Linked or other variable-l
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GENERAL INFORMATION(1) Application
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FINANCIAL INFORMATIONINFORMATION ON
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FINANCIAL INFORMATIONAudited consol
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Independent Auditors’ Report on t
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Carlsberg Breweries GroupIncome sta
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Carlsberg Breweries GroupBalance sh
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Carlsberg Breweries GroupStatement
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Carlsberg Breweries GroupNote 1 Sig
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Carlsberg Breweries GroupImpairment
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Carlsberg Breweries GroupProvisions
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Carlsberg Breweries GroupNotes2 Seg
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Carlsberg Breweries GroupNotes3 Cos
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Carlsberg Breweries GroupNotes7 Spe
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Carlsberg Breweries GroupNotes10 Co
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Carlsberg Breweries GroupNotes12 Ea
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Carlsberg Breweries GroupNotes14 Sh
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Carlsberg Breweries GroupNotes15 In
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Carlsberg Breweries GroupNotes16 Im
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Carlsberg Breweries GroupNotes16 Im
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Carlsberg Breweries GroupNotes17 Pr
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Carlsberg Breweries GroupNotes19 Se
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Carlsberg Breweries GroupNotes21 In
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Carlsberg Breweries GroupNotes23 As
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Carlsberg Breweries GroupNotes25 Bo
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Carlsberg Breweries GroupNotes25 Bo
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Carlsberg Breweries GroupNotes26 Re
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Carlsberg Breweries GroupNotes27 De
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Carlsberg Breweries GroupNotes29 Ot
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Carlsberg Breweries GroupNote31 Acq
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Notes31 Acquisition and disposal of
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Carlsberg Breweries GroupNotes31 Ac
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Carlsberg Breweries GroupNotes33 Sp
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Carlsberg Breweries GroupNotes35 Fi
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Carlsberg Breweries GroupNotes35 Fi
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Carlsberg Breweries GroupNotes36 Fi
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Carlsberg Breweries GroupNotes37 Re
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Carlsberg Breweries GroupNotes39 Op
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Carlsberg Breweries Group IFRS 3 "B
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Carlsberg Breweries GroupOn initial
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Carlsberg Breweries GroupProfits/lo
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Carlsberg Breweries GroupOn acquisi
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Carlsberg Breweries GroupContributi
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Carlsberg Breweries GroupCash flow
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Carlsberg Breweries GroupGroup Comp
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FINANCIAL INFORMATIONAudited consol
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Independent Auditors’ Report on t
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Carlsberg Breweries GroupIncome sta
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Carlsberg Breweries GroupBalance sh
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Carlsberg Breweries GroupStatement
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Carlsberg Breweries GroupNote 1 Sig
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Carlsberg Breweries GroupManagement
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Carlsberg Breweries Groupbetween th
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Carlsberg Breweries GroupNotes2 Seg
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Carlsberg Breweries GroupNotes6 Oth
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Carlsberg Breweries GroupNotes8 Fin
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Carlsberg Breweries GroupNotes11 Mi
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Carlsberg Breweries GroupNotes14 Sh
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Carlsberg Breweries GroupNotes15 In
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Carlsberg Breweries GroupNotes16 Im
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Carlsberg Breweries GroupNotes16 Im
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Carlsberg Breweries GroupNotes17 Pr
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Carlsberg Breweries GroupNotes18 In
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Carlsberg Breweries GroupNotes20 Re
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Carlsberg Breweries GroupNotes23 As
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Carlsberg Breweries GroupNotes25 Bo
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Carlsberg Breweries GroupNotes26 Re
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Carlsberg Breweries GroupNotes27 De
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Carlsberg Breweries GroupNotes29 Ot
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Carlsberg Breweries GroupNotes31 Ac
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Carlsberg Breweries GroupNotes31 Ac
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Carlsberg Breweries GroupNotes33 Sp
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Carlsberg Breweries GroupNotes35 Fi
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Carlsberg Breweries GroupNotes35 Fi
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Carlsberg Breweries GroupNotes36 Fi
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Carlsberg Breweries GroupNotes37 Re
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Carlsberg Breweries GroupNotes38 Co
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Carlsberg Breweries GroupNote 40 Ac
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Carlsberg Breweries Groupchange rat
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Carlsberg Breweries GroupFor deriva
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Carlsberg Breweries GroupThe carryi
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Carlsberg Breweries GroupReceivable
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Carlsberg Breweries GroupFor define
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Carlsberg Breweries GroupAssets are
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Carlsberg Breweries GroupGroup comp
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Registered Office of the IssuerCarl