Royal UNIBREW

Transaction in Own Shares • Sep 4, 2017

Company announcement No 42/2017– 4 September 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 837,656 305.70 256,074,915.13
announcement

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28 August 2017 19,075 335.79 6,405,154.19

29 August 2017 7,100 333.42 2,367,308.27

30 August 2017 3,953 339.59 1,342,386.62

31 August 2017 4,756 336.88 1,602,208.41

1 September 2017 6,955 340.95 2,371,281.52

Accumulated under the 879,495 307.18 270,163,254.15
programme

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With the transactions stated above Royal Unibrew owns a total of 1,021,182
shares, corresponding to 1.9% 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.