Royal UNIBREW

Transaction in Own Shares • Apr 18, 2017

COMPANY ANNOUNCEMENT NO 18/2017 – 18 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 157,095 289.77 45,520,694.32
announcement

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3 April 2017 3,953 295.00 1,166,137.77

4 April 2017 2,726 296.42 808,046.10

5 April 2017 5,015 297.49 1,491,930.40

Accumulated under the 168,789 290.23 48,986,808.59
programme

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With the transactions stated above Royal Unibrew owns a total of 1,710,476
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.