DECISIONS OF THE EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF SAKU ÕLLETEHASE AS

11th of August 2008 

DECISIONS OF THE EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF SAKU
ÕLLETEHASE AS 

On the extraordinary general meeting of the shareholders held on 11th of August
2008 the shareholders of Saku Õlletehase AS have made the following decisions: 

To approve, in accordance with Article 1821 of the Securities Market Act, the
takeover by Carlsberg Estonia Holding OÜ (registry code 11506582, address
Tallinna mnt 2, Saku 75501, Estonia) of the shares of Saku Õlletehase
Aktsiaselts held by the remaining shareholders of Saku Õlletehase Aktsiaselts
(hereinafter “Minority Shareholders”) on the following terms: 

-	the fair compensation payable to the Minority Shareholders shall be EEK
194.06 (i.e. EUR 12.40) per each share of Saku Õlletehase Aktsiaselts that is
subject to the takeover. 
-	the compensation in the amount set out in the previous section above has been
determined on the assumption that the shares subject to takeover are not
encumbered by pledge or other rights of third parties. 
-	the transfer of shares subject to takeover from the Minority Shareholders to
Carlsberg Estonia Holding OÜ and the payment of compensation to Minority
Shareholders shall be arranged by the registrar of the Estonian Central
Register of Securities (hereinafter “ECRS”) on the basis of the application of
the Management Board of Saku Õlletehase Aktsiaselts. This application shall be
submitted by the Management Board to the ECRS after the passage of one month as
of the adoption of this resolution. The compensation shall be payable to the
Minority Shareholders simultaneously with the transfer of shares subject to
takeover to Carlsberg Estonia Holding OÜ. 

Priit Põiklik 
Saku Õlletehase AS
Phone: 6508303
priit.poiklik@pruul.ee