Royal UNIBREW

Transaction in Own Shares • Jun 19, 2017

Company announcement No 31/2017– 19 June 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 444,009 297.07 131,900,279.05
announcement

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12 June 2017 5,848 308.27 1,802,784.01

13 June 2017 4,659 307.60 1,433,088.37

14 June 2017 4,828 311.54 1,504,116.09

15 June 2017 3,291 311.85 1,026,302.30

16 June 2017 903 314.38 283,882.79

Accumulated under the 463,538 297.60 137,950,452.61
programme

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With the transactions stated above Royal Unibrew owns a total of 605.225
shares, corresponding to 1.1% 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.