Royal UNIBREW

Transaction in Own Shares • Dec 4, 2017

Company announcement No 61/2017– 4 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 1,156,385 318.88 368,745,432.76
announcement

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27 November 2017 10,000 349.10 3,491,043.00

28 November 2017 10,485 360.94 3,784,426.54

29 November 2017 6,420 360.03 2,311,381.04

30 November 2017 8,000 353.34 2,826,748.80

1 December 2017 8,234 356.11 2,932,190.80

Accumulated under the 1,199,524 320.20 384,091,222.95
programme

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With the transactions stated above Royal Unibrew owns a total of 1,341,211
shares, corresponding to 2.5% 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.