Royal UNIBREW

Transaction in Own Shares • Oct 16, 2017

Company announcement No 52/2017– 16 October 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    Average purchase     Transaction value, 
                            of            price                  DKK        
                          shares

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Accumulated, last 967,798 310.39 300,391,754.75
announcement

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9 October 2017 7,406 357.37 2,646,679.26

10 October 2017 2,000 362.19 724,374.00

11 October 2017 2,875 362.94 1,043,449.91

12 October 2017 3,000 362.65 1,087,950.00

13 October 2017 3,696 363.72 1,344,295.08

Accumulated under the 986,775 311.36 307,238,502.99
programme

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With the transactions stated above Royal Unibrew owns a total of 1,128,462
shares, corresponding to 2.1% 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.