Royal UNIBREW

Transaction in Own Shares • Nov 6, 2017

Company announcement No 55/2017– 6 november 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

---

Accumulated, last 1,033,135 313.58 323,965,593.27
announcement

---

30 October 2017 5,635 363.61 2,048,964.33

31 October 2017 3,937 365.68 1,439,668.93

1 November 2017 4,773 369.72 1,764,681.20

2 November 2017 5,358 366.72 1,964,878.79

3 November 2017 6,013 365.35 2,196,854.96

Accumulated under the 1,058,851 314.85 333,380,641.48
programme

---

With the transactions stated above Royal Unibrew owns a total of 1,200,538
shares, corresponding to 2.3% 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.