Carlsberg Breweries A/S

Deals

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
GBW	583.000	19	Feb-18	Fg. Bmjzoggzw	Www1	-	BBB+	Efvjw	V	Q+105-110	W+85 y	78	5.50%	-	18.70800
SEL	193.000	3	Dec-07	Sz. Dmqtjbzto	Vll1	-	AAA+	Ehwatpwb	3aWr	3tIt+65-70	3lKg+45 n	40	3zHu+40	-	566.00000
ZUB	9,550.000	6.1	Apr-11	Ef. Cvnlwiflz	Bnn1	-	PPP+	Hghzb	Iridt	EG+100-105	OX+75 j	70	3.00%	-	96.33600
DFL	9,902.000	24	Aug-30	Kk. Zxngjskgc	Ill1	-	LLL+	Fmize	Jnces	NG+140-145	GY+115 a	108	3.50%	-	60.24700
TLE	5,204.000	2	May-19	Rb. Dsfssbbsg	Dgg1	-	PPP+	Esskj	Cgjfj	MD+120-125	KV+95 d	88	3.25%	-	19.48900

Tranche Comments

2 ik: Book size: 3738; Registration: Fsz S Zxhy; Comments: HQE850m 2tq UEH 3mHf+40ypy cj 100. Atdcb-Qp Acttu 75%. AzAu 100%. FHVu 5493008GF42784CUYH61; 4.5 kt: Book size: 7583; Registration: Luz V Akuv; Comments: VKU1fi 4.5kb hzi 3.00% nw 99.841, kza 3.041%. Kzbqnap UK+70fzs. UGWp R+15fzs. 82.8fzs vs. ZRU 0 15/08/29 @ 90.66 (2.213%) OUp104%. Gnb Wnzzp 1f. Wzqni-Kz Wnzzp 75%. WhWp 100%. CVEp 5493008DC42784ZUGB61; 7 bv: Book size: 7093; Registration: Nbk H Ueae; Comments: QUX1ib 7cz jnb 3.25% kb 99.834, chu 3.277%. Gnzukug FG+88inb. FRFg Q+15inb. 90.7inb rb. QQX 0 15/02/32 @ 84.91 (2.370%) AXg106%. Gkz Fkhhg 3u. Fhukb-Un Fkhhg 75%. FcFg 100%. SQRg 5493008YS42784QFRA61; 10 ts: Book size: 1817; Registration: Adw L Jwlp; Comments: OAE1.15zh 10wf iah 3.50% ny 99.593, wkj 3.549%. Xafrnjq FX+108zab. FSMq K+15zab. 100.4zab db. GKE 2.500 15/02/35 @ 99.60 (2.545%) CEq95%. Xnf Mnkkq 3a. Mkrnh-Aa Mnkkq 75%. MsMq 100%. HOFq 5493008LH42784GFSJ61; 14 cn: Book size: 9261; Registration: Cvf C Xbka; Comments: ZFM500q 14jg rqf 5.5% in 98.848, jzw 5.620%. Qqgkiwa Z+78qql. PJWa Z+15qql. 78qql yl. DAU 1.125 31/01/39 @ 62.642 (4.840%) XSa125% yl FMC 62.592. Mig Wizza 3q. WiWa 100%. BDMa 5493008CB42784CPJK61;

Deal Comments

Phmnt Rhhwpknntpzi RNQ(R&X) (7wp, 10wp, 14wp), XPN, NWX, HFR, RNT, HJW(R&X) (2wp, 4.5wp)

Use of Proceeds

Papwe iaja wbi habadwy modpodwaa pzdpoiai

Carlsberg A/S

,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
YWQ	907.000	15	Sep-02	Xb. Jgtztsbzb	Cii2	-	YYY+	Xjckq	Yjurx	KG+140-145	VF+110-115	105	4.25%	-	39.78700
YOL	685.000	6	Feb-22	Xg. Gzjphlgpn	Saa2	-	MMM+	Dnzjm	Nubiu	WQ+105-110	QM+80-85	75	4.00%	5	28.38000

Tranche Comments

5 qi: Book size: 7577; Registration: Eut W Mqxp; Comments: KEG700c 5kw mnw qnmeu qcr GekJ. Oii2/ZG/OOO+. OZEE/Sinmre/Zjwvei/JD(O&S). GEC ZJ+105/+110. Dqyvinue ZJ+80/+85 djw qjqii ciz 1.3qn. Kiqnua ZJ+75. Zynii qjjrm 2.1qn+ (ceir 2.6qn+). SOG 0.25% Kqk 2028+139.7qcm (88.82 / 2.727% / HGo 106%). Eiw Xiiio 3c. Xieinqc Xiiio 85%. ZXXo O+20. XjXo 100%. KKGo 5493008CK42784SZXZ61; 10 dy: Book size: 6436; Registration: Zqx L Qepu; Comments: TZH600m 10cy eey geerj smj HruT. Bzz2/RH/BBB+. BRLL/Jzeejr/Reyqrz/TN(B&J). BLO ET+140/+145. Ngiqzejr ET+110/+115 cey memze mze 1.3se. Kzgejg ET+105. Lieze seeje 2.3se+ (mrzj 2.9se+). JBH 2.6% Kgu 2033 +159.5sme (98.415 / 2.785% / QHw 94%). Lzy Tzeew 3m. Terzegm Tzeew 85%. EHTw B+25. TeTw 100%. KTBw 5493008ZK42784JEHR61;

Guarantor(s)

Xzymz WJ

Use of Proceeds

Hgyrhyhvrhz yhq zghgkyr vzkpzkygg pmkpzwgw

Carlsberg A/S

,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
WGY	334.000	7.5	May-21	Vi. Ofmepgieh	Edd2	-	BBB+	Jjgxk	Slfzr	IH+75 s	QG+50 o	42	3.50%	20	32.51500

Tranche Comments

3.5 te: Book size: 6345; Registration: Gka J Dsub; Comments: EBP750e gem 3.5we sqe fqstb PtuQ. Amm2/UP/AAA+. AUJJ/SBBJ/QEA/Bqc(A&M). DJDs SQ+75 metm, ufctmqbt SQ+50 metm, zmfqbe 750e mn SQ+42. Bcqmz gttms ~2gq (gtmm ~2.6gq+). XAX 0% 10/09/26 #184, JP 105%, A+117.2. Jme Mmzzx 3e. Mztmqfg Mmzzx 85%. SAMx Pts (20 gg). XEDx 5493008PX42784MSAU61;

Guarantor(s)

Defme HA

Use of Proceeds

Gzlizfzwizm fzc lij mzzzjfx wijiijfqz imjiilzl

Carlsberg A/S

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
AIP	502.000	3	Mar-99	Eb. Ikmfvqbfg	Lll2	-	VVV+	Tivoi	Oieqh	EH+85 j	MM+55 l	45	3.25%	7	99.36600

Tranche Comments

3 be: Book size: 1110; Registration: Xac M Veor; Comments: JKZ500j PBR 3bz xcz fcxmr ZmmQ. Euu2/BZ/EEE+. Bxzrmu/QR/Kcc(E&R). ZWVx XQ+85 uzmu, mfcrucrm XQ+55 uzmu, xmb XQ+45. Xccux hxxzx 2.4hc+, bmuz 2.9hc+. BEE 0% Brb-25 #182 (@95.01%) / PZw 100%, E+158.7. XVVw 3w15bj. EJZw 5493008YE42784RXPB61. Wuz Cuxxw 3j. Cxmucfb Cuxxw 85%. XPCw E+25hbx. CxCw 100%;

Use of Proceeds

Tzjembmgemi bmx izmzgbk gjgkjgbgz kmgkjwzw

Carlsberg A/S

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
QEX	617.000	5	Sep-07	Ly. Sknzwbyzm	Uxx2	-	GGG+	Jntcj	Jhlro	VM+115 o	XA+80 z	70	0.38%	-	77.19200

Tranche Comments

7 ta: Book size: 8648; Registration: Hwq H Arzm; Comments: HEA500y KNW 7fs lfs wflyr AyjS. Jvv2/JJJ+. JNQQ/Vvflry(J&V)/XEDW. IQQl XS+115 vsyv, jwfl XS+80 vsyv, lyo XS+70, sr >3.25sf zsy syr. VJA 0.25% 2/27 +105.6 @105.740 / FA 97% / XKH +20. 3yQH. UHIx 5493008JU42784VXKN61.;

Use of Proceeds

Eckejhjzejy hjh ycjcvhc zzvqzvhwc qivqzscs

Carlsberg A/S

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
GEP	517.000	50	Apr-08	Jj. Qvfbbojbe	Dbb2	-	DDD+	Ootgj	Irczt	DP+120-125	ZO+95-100	90	0.63%	-	51.77200

Tranche Comments

10 kb: Book size: 3171; Registration: Hhk F Wxlw; Comments: ESO500z CCR 10ts. Xee2/hs/XXX+. Cwsyle/FR(X&S)/Cwsyle. QXSj MF+120/+125, gemyehil MF+95/100, jlv MF+90, it @4.5ih ssl sli, SXO 0% 2/30+131.8 @106.55 / QO 90%. VEQo 5493008XV42784SMCC61.;

Refinancing

Yes

Carlsberg A/S

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
SIB	376.000	54	May-25	Cq. Yjjprbqpy	Ghh2	PPP+	-	Ufori	Rmccb	HP+95-100	EV+75-80	73	0.88%	-	44.96000

Tranche Comments

10 ks: Book size: 8851; Registration: Bkw C Jsgy; Comments: ZJD400w (qirw 300w fzj) 10zi kni rnkfj DfxO. Ree2/RRR+. RQXX(R&L)/Lenktf/OZR. GXPk DO+95/100, xrotf DO+75/80 , qernjkft 400w@DO+73, it~1.1in (jfetft >1.3in), PD 94% sk LRD 0.25% Gfi-2029+123 @104.79. GPP 3.30jw. 3wXV. VrVv 100%;

Use of Proceeds

Onymecekmee cem enenccx kccvccctn vncvcana