Royal UNIBREW

Transaction in Own Shares • Nov 14, 2016

Company announcement No 61/2016– 14 November 2016

On 2 March 2016, Royal Unibrew initiated a share buy-back programme, cf.
company announcement no. 10/2016 of 1 March 2016. The programme is carried out
on the same terms, but from 3 July 2016 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 delegated legislation
under MAR. The share buy-back programme is expected to be realised in the
period from 2 March 2016 to 28 February 2017. The total share buy-back in the
period will not exceed a market price of DKK 450 million.

The following transactions have been made under the programme:

                        Number of    Average purchase     Transaction value,
                         shares           price                  DKK

---

Accumulated, last 1,046,196 304.27 318,321,598.63
announcement

---

7 November 2016 1,801 306.29 551,620.37

8 November 2016 5,526 307.49 1,699,183.11

9 November 2016 3,780 307.22 1,161,274.21

10 November 2016 10,991 300.47 3,302,465.77

11 November 2016 8,050 292.90 2,357,848.22

Accumulated under the 1,076,344 304.17 327,393,990.31
programme

---

With the transactions stated above Royal Unibrew owns a total of 1,388,185
shares, corresponding to 2.6% 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 56 77 15 05.

Yours sincerely

Royal Unibrew A/S

Lars Jensen

CFO

Encl.