Royal UNIBREW

Transaction in Own Shares • Apr 10, 2017

COMPANY ANNOUNCEMENT NO 17/2017 – 10 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 114,593 288.73 33,086,937.64
announcement

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3 April 2017 16,213 292.03 4,734,740.76

4 April 2017 2,570 291.84 750,017.24

5 April 2017 3,949 293.77 1,160,105.63

6 April 2017 12,485 292.75 3,654,938.80

7 April 2017 7,285 292.92 2,133,954.25

Accumulated under the 157,095 289.77 45,520,694.32
programme

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With the transactions stated above Royal Unibrew owns a total of 1,698,782
shares, corresponding to 3.1% 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.