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In particular, the information contained on this website does not constitute an offer of securities for sale in the United States.  None of the securities described directly or indirectly referred to in the information on the website have been nor will they be registered under the US Securities Act of 1933, as amended (“Securities Act”).  Such securities may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as defined in Regulation S under the Securities Act) unless registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, such registration.

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In the United Kingdom any information in the following web pages which may be construed as a financial promotion within section 21 of the Financial Services and Markets Act 2000 is exempt under Article 69 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (“FPO”). For the avoidance of doubt, the information contained in this website does not (a) constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any “controlled investments” or enter into a transaction or otherwise make use of services provided by Carlsberg or any named person or (b) constitute an inducement relating to any investments other than those issued by Carlsberg.

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