Carlsberg and Heineken satisfy antitrust conditions for acquisition of Scottish & Newcastle

FOR IMMEDIATE RELEASE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS IN THAT JURISDICTION 



CARLSBERG AND HEINEKEN SATISFY ANTITRUST CONDITIONS FOR ACQUISITION OF
SCOTTISCH & NEWCASTLE 


Heineken and Carlsberg (together, the “Consortium”) welcome today's
announcement of the European Commission's approval of the acquisition of
selected S&N assets by Heineken in all EU member states with the exception of
The Republic of Ireland.  The acquisition by Heineken of S&N's Irish
subsidiary, Beamish & Crawford plc ("B&C"), will be referred to the Irish
Competition Authority (“ICA”) for consideration. 
Today's announcement follows receipt of approval from the European Commission
in respect of the acquisition of selected S&N assets by Carlsberg, the expiry
of the applicable antitrust waiting period in the United States, and receipt of
approvals from the relevant regulatory authorities in Russia and the Ukraine.
The Consortium confirms that the antitrust conditions to the acquisition of S&N
by Sunrise Acquisitions Limited (the "Acquisition") have now been satisfied and
that the referral to the ICA will not delay completion of the Acquisition.
Therefore, the Consortium expects that the effective date of the Acquisition
will be 28 April 2008. 
Heineken believes that the ICA is well positioned and equipped to conduct such
an examination. Heineken has fully briefed the ICA on the terms of the
Acquisition and expects that the ICA will reach a quick and satisfactory
outcome regarding its examination of Heineken's proposed acquisition of B&C. 


Enquiries
Public relations advisers to the Consortium
Finsbury Group 			Tel: +44 20 7251 3801
Mike Smith
James Leviton
Guy Lamming		


Carlsberg:
Jens Peter Skaarup (Danish Media)		Tel: +45 3327 1417	
Mikael Bo Larsen (Investor Relations)		Tel: +45 3327 1223


Financial adviser and Corporate Broker to the Consortium and to Carlsberg
Lehman Brothers 			Tel: +44 20 7102 1000
Adrian Fisk
Henry Phillips
Ed Matthews (Corporate Broking)


Financial adviser and Corporate Broker to the Consortium and to Heineken
Credit Suisse				Tel: +44 20 7888 8888 
Bertrand Facon
Stuart Upcraft
James Leigh Pemberton (Corporate Broking)

Unless the context otherwise requires, terms defined in the Scheme Document
dated 22 February 2008 have the same meaning in this announcement. 
The Heineken Management Directors, the Carlsberg Directors and the BidCo
Directors accept responsibility for the information contained in this
announcement and, to the best of their knowledge and belief (having taken all
reasonable care to ensure that such is the case), the information contained in
this announcement is in accordance with the facts and does not omit anything
likely to affect the import of such information. 

Credit Suisse, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for Heineken and BidCo and
no one else in connection with the Offer and will not be responsible to anyone
other than Heineken or BidCo for providing the protections afforded to clients
of Credit Suisse or for providing advice in relation to the Offer or to the
matters referred to herein. 

Lehman Brothers, which is authorised and regulated in the UK by the Financial
Services Authority, is acting exclusively for Carlsberg and BidCo and no-one
else in connection with the Offer and will not be responsible to anyone other
than Carlsberg or BidCo for providing the protections afforded to clients of
Lehman Brothers or for providing advice in relation to the Offer or to the
matters referred to herein. 

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code, if any person is, or
becomes, "interested" (directly or indirectly) in 1 per cent. or more of any
class of "relevant securities" of S&N, all "dealings" in any "relevant
securities" of S&N (including by means of an option in respect of, or a
derivative referenced to, any such "relevant securities") must be publicly
disclosed by no later than 3.30 p.m. (London time) on the Business Day
following the date of the relevant transaction. This requirement will continue
until the date on which the Offer becomes effective, lapses or is otherwise
withdrawn or on which the "offer period" otherwise ends. If two or more persons
act together pursuant to an agreement or understanding, whether formal or
informal, to acquire an "interest" in "relevant securities" of S&N, they will
be deemed to be a single person for the purpose of Rule 8.3. 

Under the provisions of Rule 8.1 of the City Code, all "dealings" in "relevant
securities" of S&N by Heineken, Carlsberg, BidCo or S&N, or by any of their
respective "associates", must be disclosed by no later than 12.00 noon (London
time) on the Business Day following the date of the relevant transaction. 

A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities
in issue, can be found on the Panel's website at www.thetakeoverpanel.org.uk. 

"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities. 

Terms in quotation marks are defined in the City Code, which can also be found
on the Panel's website. If you are in any doubt as to the application of Rule 8
to you, please contact an independent financial adviser authorised under the
Financial Services and Markets Act 2000, or consult the Panel's website at
www.thetakeoverpanel.org.uk. 



Carlsberg is one of the leading brewery groups in the world, with a large
portfolio of beer and soft drinks brands. Its flagship brand - Carlsberg - is
one of the fastest-growing and best-known beer brands in the world. More than
30,000 people work for Carlsberg in 48 countries, and its products are sold in
more than 150 markets. In 2007 Carlsberg sold more than 115 million hectolitres
of beer, which is about 95 million bottles of beer a day. 
Find out more at www.carlsberggroup.com.