Royal UNIBREW

Transaction in Own Shares • Feb 5, 2018

COMPANY ANNOUNCEMENT NO 10/2018 – 5 FEBRUARY 2018

On 9 March 2017, Royal Unibrew initiated a share buy-back programme, cf.
company announcement no. 12/2017 of 8 March 2017. 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 9 March 2017 to 28 February 2018.
The total share buy-back in the period will not exceed a market price of DKK
560 million.

The following transactions have been made under the programme:

                        Number of    Average purchase     Transaction value,
                         shares           price                  DKK

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Accumulated, last 1,509,303 329.59 497,451,892.93
announcement

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29 January 2018 4,500 365.64 1,645,396.20

30 January 2018 8,197 362.94 2,975,023.28

1 February 2018 10,000 365.72 3,657,155.00

2 February 2018 11,391 370.33 4,218,398.27

3 February 2018 8,000 360.16 2,881,262.40

Accumulated under the 1,551,391 330.56 512,829,128.08
programme

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With the transactions stated above Royal Unibrew owns a total of 1,693,078
shares, corresponding to 3.2% 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.