Royal UNIBREW

Transaction in Own Shares • Mar 26, 2018

Share buy-back Programme

Share buy-back Programme

COMPANY ANNOUNCEMENT NO 20/2018 –  26 MARCH 2018

On 6 March 2018, Royal Unibrew initiated a share buy-back programme, cf. company announcement no. 15/2018 of 6 March 2018. The programme 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 programme is expected to be realised in the period from 7 March 2018 to 22 February 2019. The total share buy-back in the period will not exceed a market price of DKK 400 million.

The following transactions have been made under the programme:

	Number of Shares	Average purchase price	Transaction value, DKK
Accumulated, last announcement	69,018	397.77	27,453,261.93
19 March 2018	4,585	396.71	1,818,898.84
20 March 2018	8,000	399.76	3,198,045.60
21 March 2018	8,000	399.13	3,193,060.80
22 March 2018	8,038	400.46	3,218,931.24
23 March 2018	6,353	398.14	2,529,371.98
Accumulated under the programme	103,994	398.21	41,411,570.39

With the transactions stated above Royal Unibrew owns a total of 1,929,941 shares, corresponding to 3.7% of the share capital. The total amount of shares in the company is 52,700,000, including treasury shares.

Please direct any queries to me at tel. +45 29 23 00 44.

Yours sincerely

Royal Unibrew A/S

Lars Jensen

CFO

Encl.

Fond-RU-20-2018-uk

Encl. Company Announcement 26032018-PUBLIC_sbb_ROYAL_UNIBREW