Royal UNIBREW

Transaction in Own Shares • Apr 24, 2017

Company announcement No 19/2017– 24 April 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 168,789 290.23 48,986,808.59
announcement

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18 April 2017 5,852 298.92 1,749,279.25

19 April 2017 4,142 301.38 1,248,328.39

20 April 2017 4,808 304.29 1,463,037.86

21 April 2017 8,998 303.01 2,726,528.07

Accumulated under the 192,589 291.68 56,173,982.16
programme

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With the transactions stated above Royal Unibrew owns a total of 1,734,276
shares, corresponding to 3.2% of the share capital. The total amount of shares
in the company is 54,100,000, 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.