Royal UNIBREW

Transaction in Own Shares • Apr 11, 2016

Company announcement No 17/2016– 11 April 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 104,015 299.75 31,179,001.84
announcement

---

4 April 2016 8,000 311.04 2,488,313.60

5 April 2016 5,484 306.67 1,681,790.34

6 April 2016 8,620 303.00 2,611,831.55

7 April 2016 6,756 302.90 2,046,411.32

8 April 2016 2,501 302.55 756,671.80

Accumulated under the 135,376 301.12 40,764,020.46
programme

---

With the transactions stated above, Royal Unibrew owns a total of 1,839,717
shares, corresponding to 3.3% of the share capital. The total amount of shares
in the company is 55,492,500, 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