Carlsberg A/S
Bill to raise excise duty on beer in Russia
Carlsberg A/S / 02.10.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Carlsberg A/S 100 Ny Carlsberg Vej Tel +45 3327 3300 1760 Copenhagen V Fax +45 3327 4701 Denmark carlsberg@carlsberg.com CVR.nr. 61056416 Press release 16/2009 2 October 2009 Page 1 of 1 Bill to raise excise duty on beer in Russia The Russian Government has just moved to the State Duma a bill to increase excise duty on beer from next year by 200%. The bill also includes an increase in 2011 and 2012 by 11% and 20% respectively. The bill will now be discussed in the State Duma and later in the Council of Federation before it can be referred to President Dmitry Medvedev for final approval and signing. This process can take several weeks. Until the State Duma and Council of Federation finalise their discussions and vote on the bill, it is still a draft only. Thus Carlsberg will continue to argue for a more balanced increase of excise duty on beer and strong alcohol and encourage the involved politicians in Russia to pay attention to the arguments and the rationale behind these. Commenting on the bill , Anton Artemiev, Senior Vice President for Eastern Europe and CEO of Baltika, said: 'If implemented, I firmly believe that this bill will not only affect the brewing sector negatively. It will also have negative consequences for the Russian economy, and employment as well as for the foreign investment climate in Russia. I find it very hard to understand the logic behind the disproportionate increase of excise duty on beer (+200%) compared to strong alcohol (+10%) which will inevitably favour the consumption of hard alcohol, including vodka, and is bound to have a negative effect on alcohol abuse in the Russian society. In particular because vodka/strong alcohol already accounts for close to 70% of total alcohol consumption in Russia compared to 20-30% in most EU-markets.' Contacts: Media Relations: Jens Peter Skaarup, +45 3327 1417 Investor Relations: Peter Kondrup, +45 3327 1221 The Carlsberg Group 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 45,000 people work for the Carlsberg Group, and its products are sold in more than 150 markets. In 2008 the Carlsberg Group sold more than 125 million hectolitres of beer, which is about 103 million bottles of beer a day. Find out more at www.carlsberggroup.com. www.carlsberggroup.com News Source: NASDAQ OMX 02.10.2009 Financial News transmitted by DGAP --------------------------------------------------------------------------- Language: English Company: Carlsberg A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0003451995 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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