21 Shareholder Information Investor Relations Register of shareholders Dividend Key figures in relation to shares Financial Calendar nal investors has increased from 13.4% to 15.3%. Foreign investors are believed to constitute the majority of the non-identified shareholders. Carlsberg aims at establishing open and direct communication with the share market and arran- ges meetings with existing and potential investors and financial analysts in Denmark and abroad. Relevant investor information is available on www.carlsberg.com/investor, including CarlsbergGLYPH<213>s investor presentations, announcements to the Co- penhagen Stock Exchange, financial statements as well as the newsletter Carlsberg News. Carlsberg Investor Relations Valby Langgade 1 DK-2500 Valby Denmark Phone: +45 3327 1541 Fax: +45 3327 4850 E-post: investor.relations@carlsberg.com The Board of Directors proposes to the Annual General Meeting on 18 March 2002, that a divi- dend of DKK 5.00 per share be paid. Distribution of dividend occurs automatically through the Danish Securities Centre. Shares can be registered in the name of the sha- reholder by contacting the depositary bank. Regi- stered shareholders automatically receive financial statements, annual reports, Carlsberg News and invitations to CarlsbergGLYPH<213>s General Meetings. CarlsbergGLYPH<213>s register of shareholders is managed by Danske Bank Holmens Kanal 2-12 DK-1092 K¿benhavn K Denmark Phone: +45 4339 2885 1996/97 1997/98 1998/99 1999/00 *) 2001 Price of B-share at year-end 374 400 257 468 348 Cash flow per share 36.4 36.9 28.5 40.4 34.7 Earnings per share 19.4 25.7 18.2 26.7 23.6 Dividend per share, DKK 3.60 4.00 4.00 5.40 5.00 Market value, DKK bn, year-end 23.8 24.5 16.4 28.8 20.9 Price earnings ratio 19.2 15.6 14.1 17.5 14.7 Pay-out ratio 18% 15% 22% 20% 21% *) 15 months 18 March 2002 Annual General Meeting 22 March 2002 Payment of dividend 8 May 2002 Financial Statement Q1, 2002 8 August 2002 Financial Statement Q2, 2002 7 November 2002 Financial Statement Q3, 2002