The Board of Directors would like to announce that Lars Lehmann, currently Managing Director of Carlsberg Brewery Malaysia Berhad (“CBMB”), who oversees operations in Malaysia and Singapore as well as an investment in Sri Lanka, has been promoted to Executive Vice President (EVP), Eastern Europe (EE), Carlsberg A/S (Carlsberg Group), a new member in the Executive Committee (ExCom) of the Carlsberg Group effective 1 May 2019.

With effect from 1 May 2019, Mr. Lehmann will be succeeded by Ted Akiskalos, Greek age 40, currently the Managing Director of Carlsberg Sweden since June 2016. Joined in March 2010, Mr. Akiskalos was Vice President, Group Strategy, Carlsberg Group before he was appointed as Managing Director of Carlsberg Hong Kong in January 2014.

The above change in the Managing Director is subject to the approval of the Board. Further announcement will be made to Bursa Malaysia Securities Berhad in due course.