Royal UNIBREW

Transaction in Own Shares • May 23, 2022

COMPANY ANNOUNCEMENT NO 26/2022 – 23 MAY 2022

On 1 March 2022, Royal Unibrew initiated a share buy-back program, cf. company announcement no. 5/2022 of 1 March 2022. The program is carried out under Art. 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the Market Abuse Regulation - MAR) and the resulting delegated legislation. The share buy-back program is expected to be realized in the period from 2 March 2022 to 30 June 2022. The total share buy-back in the period will not exceed a market price of DKK 300 million.

The following transactions have been made under the program:

	Number of Shares	Average purchase price	Transaction value, DKK
Accumulated, last announcement	358,504	615.89	220,800,713.99
16 May 2022	4,000	611.45	2,445,808.80
17 May 2022	3,000	627.35	1,882,043.40
18 May 2022	3,000	620.21	1,860,637.20
19 May 2022	5,000	595.28	2,976,392.50
20 May 2022	4,000	585.73	2,342,903.20
Accumulated under the program	377,504	615.38	232,308,499.09

With the transactions stated above Royal Unibrew owns a total of 1,258,378 shares, corresponding to 2.6% of the share capital. The total amount of shares in the company is 48,800,000, including treasury shares.

For further information on this Announcement: CFO Lars Vestergaard, tel (+45) 30 93 18 08 www.royalunibrew.com

Encl.