22 Shareholder Information Analysts United Kingdom The Netherlands Norway The institutions below report on the developments in Carlsberg on a current basis: AGB Sundahl Collier, NO Torgeir Vaage F. van Lanschot Bankiers Reginald Melchers Fortis Bank Nicole Van Putten Ing Barings Gerard Rijk Kempen & Co. N.V. Folkert Jan van der Veer Rabo Securities Anneke Groen BNP Paribas Nickolas Faes CAI Cheuvreux Frans Hoyer Cazenove Sandy Soames, Matthew Webb Credit Suisse First Boston Michael Bleakley, Ian Schackleton, Sonya Ghobrial Deutsche Bank Nick Bevan, Eadie Greame Dresdner Kleinwort Benson Ralf Knabe, Robert Cumming HSBC Simon Hales Lehman Brothers John Wakely, Andrew Gowen Merrill Lynch Mark Blythman Morgan Stanley Alexandra Oldroyd West LB Panmure Stuart Price Alfred Berg Jesper Breitenstein Carnegie Julie Quist Danske Securities Peter Kondrup Enskilda Securities Hans Gregersen Handelsbanken Karina Olsen Jyske Analyser Ulla Mouritsen Nordea Securities Lars Topholm Sydbank Stig Nyman Denmark