Royal UNIBREW

Transaction in Own Shares • Jun 20, 2016

Company announcement No 35/2016– 20 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

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Accumulated, last 397,986 297.43 118,373,787.66
announcement

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13 June 2016 3,819 288.85 1,103,125.79

14 June 2016 6,396 284.58 1,820,173.04

15 June 2016 12,708 285.46 3,627,659.99

16 June 2016 10,683 280.58 2,997,385.93

17 June 2016 11,055 279.86 3,093,888.78

Accumulated under the 442,647 295.98 131,016,021.19
programme

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With the transactions stated above Royal Unibrew owns a total of 743,422
shares, corresponding to 1.4% 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