Board of Directors

The board of directors is responsible for all management decisions, except for those that exceed its competency and must be deferred to the company's shareholders.

MEMBERS OF THE BOARD OF DIRECTORS

	Jørgen Buhl Rasmussen Born: 1955 Education: Higher Position: President, Carlsberg Breweries A/S (Denmark), Chairman of the Board of directors
	Anton Artemiev Born: 1960 Education: Higher Position: President, Baltika Breweries. Senior Vice President Eastern Europe, Carlsberg Breweries A/S (Denmark)
	Bjørn Søndenskov Born: 1962 Education: Higher Position: Vice President of Carlsberg Breweries A/S (Denmark)
	Hans Kasper Madsen Born: 1961 Education: Higher Position: Senior Vice President, Carlsberg Breweries A/S (Denmark)
	Ulrik Andersen Born: 1963 Education:  Higher Positions: Vice President, General Counsel Carlsberg Breweries A/S (Denmark)
	Alexander Shokhin, Independent Director Born: 1951 Education: Higher Position: President, the Russian Employers' Association «The Russian Union of Industrialists & Entrepreneurs»
	Vladislav Grib, Independent Director Born: 1972 Education:  Higher Positions: Chief Editor, Publishing Group Lawyer; Vice President, Federal Chamber of Lawers of the Russian Federation