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Copenhagen Stock Exchange Admits Large Corporate Loan For Listing

Date 03/06/2004

Tomorrow, the Copenhagen Stock Exchange will admit a DKK 2 billion corporate loan for listing for Carlsberg. The interest shown by Danish institutional investors and banks has been so significant that Carlsberg has been able to double the amount in issue from the planned DKK 1 billion to DKK 2 billion.

Having a bond loan admitted for listing on the Copenhagen Stock Exchange instead of a foreign exchange offers Danish listed companies a higher number of advantages. For instance, the process is less complicated, and thus less time-consuming and costly, as regards the preparation of a prospectus as the market is already informed of company matters and stays updated on such matters.

‘The fact that a KFX company opts for listing of a very large bond loan on the Copenhagen Stock Exchange is yet another proof that the Copenhagen Stock Exchange is a competitive marketplace. Investors are waiting in the wings – as proved in the case of Carlsberg. We therefore look forward to seeing Carlsberg’s successful bond issue and subsequent listing on the Copenhagen Stock Exchange encourage other Danish companies to turn to the Danish market when in need of capital – also via the loan market,’ says Jan Ovesen, CFO.

‘For the first time, we have decided to list a large bond loan on the Copenhagen Stock Exchange, and this has, in every respect, been a good decision. Our cooperation with the Copenhagen Stock Exchange has been smooth and the depth of the Danish capital market is greater than anticipated,’ says Jørn, P. Jensen, Executive Vice President & CFO, Carlsberg.