A Brief Pr esentation A Brief Presentation Apart from a 60% stake in Carlsberg Breweries, Carlsberg A/S, the Carlsberg Group, comprises the Carlsberg Research Center, Carlsberg Properties as well as the administration of the Carlsberg Bequest to the Memory of Brewer J. C. Jacobsen and the Tuborg Foundation. Carlsberg Breweries A/S is one of the worldGLYPH<213>s major international brewing operations, and Carlsberg and Tuborg are two of the most widely sold beer brands on a global scale. Carlsberg Breweries was established in 2001 when CarlsbergGLYPH<213>s and OrklaGLYPH<213>s beer and soft drink activities were united. Carlsberg Breweries comprises, among others, Carlsberg Bryggerierne (1847),Tuborgs Bryggerier (1873), Pripps (1828) and Ringnes (1877) — as well as a number of subsidiaries and associated companies, the majority of which are situated outside the Nordic region. Carlsberg Breweries has a total workforce of approximately 27,000 people, if all associated companies are included. It sells its products in about 150 markets. The core business of Carlsberg Breweries is the production and sale of beer and soft drinks. More than 94% of beer sales are achieved out- side Denmark. International brewing operations include the export of beer brewed in Denmark, as well as local brewing at 90 production sites in 45 countries. The Carlsberg and Tuborg beer brands are produced by 60 companies in 42 countries. Local production, according to the specifications of Carlsberg Breweries, is handled partly by breweries in which Carlsberg Breweries holds capital interests, and partly by breweries and partners with which agreements have been made for the production and sale of Carlsberg and Tuborg beer. Ever since CarlsbergGLYPH<213>s foundation, the Company has operated its own research departments. In 1875, the Carlsberg Laboratory was estab- lished. It is now integrated in the Carlsberg Research Center, which houses 80 laboratories equipped with state-of-the-art technology and a staff of about 140 people. When Carlsberg Breweries was established, the activities of the Carlsberg Research Center continued under Carlsberg A/S. In addition to extensive basic research, brewing related research is conducted into enzyme chemistry, protein chemistry, car- bo-hydrate chemistry, plant breeding and ge- netics as well as the malting, brewing and fer- mentation processes. In addition, process and product development takes place at Carlsberg Breweries. Carlsberg A/S Carlsberg A/S is a company publicly quoted on the Copenhagen Stock Exchange with some 16,000 registered shareholders. The largest single shareholder by far is the Carlsberg Foundation, which is required by its charter to hold a minimum of 51% of the shares in Carlsberg A/S. Over the years, CarlsbergGLYPH<213>s employees have accepted offers to buy shares on favourable terms or have been granted shares in connection with CarlsbergGLYPH<213>s 150 yearsGLYPH<213> anniversary in 1997. The Carlsberg Foundation was established in 1876 by CarlsbergGLYPH<213>s founder, Brewer J.C. Jacobsen, and its income goes to support Danish natural and social sciences as well as the humanities. The Carlsberg Foundation also administers and maintains the Frederiksborg Museum of National History and the Carlsberg Laboratory. The New Carlsberg Foundation, a separate department of the Carlsberg Foundation with its own board of directors, has the special task of acquiring works of art for Danish museums and institutions. It is also responsible for the admin- istration and maintenance of the Ny Carlsberg Glyptotek, in collaboration with the Danish gov- ernment and the City of Copenhagen. The Tuborg Foundation is another depart- ment of the Carlsberg Foundation with its own board of directors. It operates in support of activities of benefit to society, as is also the case with the Carlsberg Bequest to the Memo- ry of Brewer J.C. Jacobsen. Carlsberg Research Center Carlsberg Breweries ▲ ▲