Royal UNIBREW

Transaction in Own Shares • Dec 11, 2017

Company announcement no 62/2017– 11 December 2017

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 1,199,524 320.20 384,091,222.95
announcement

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4 December 2017 10,101 360.25 3,638,839.80

5 December 2017 6,967 361.29 2,517,116.49

6 December 2017 6,000 363.58 2,181,472.80

7 December 2017 9,903 366.17 3,626,132.99

8 December 2017 9,399 369.89 3,476,632.77

Accumulated under the 1,241,894 321.71 399,531,417.79
programme

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With the transactions stated above Royal Unibrew owns a total of 1,383,581
shares, corresponding to 2.6% 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.