Royal UNIBREW

Transaction in Own Shares • Jun 27, 2016

Company announcement No 36/2016– 27 June 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 implemented
in accordance with the provisions of European Commission Regulation no.
2273/2003 of 22 December 2003, also referred to as the Safe Harbour Regulation.
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    Average purchase     Transaction value, 
                            of            price                  DKK        
                          shares

---

Accumulated, last 442,647 295.98 131,016,021.19
announcement

---

20 June 2016 9,133 285.48 2,607,311.67

21 June 2016 8,000 284.64 2,277,083.20

22 June 2016 8,000 285.49 2,283,945.60

23 June 2016 8,000 287.12 2,296,940.80

24 June 2016 9,178 278.23 2,553,605.04

Accumulated under the 484,958 294.94 143,034,907.50
programme

---

With the transactions stated above Royal Unibrew owns a total of 796,799
shares, corresponding to 1.5% 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