Royal UNIBREW

Company announcement No 8/2016– 23 February 2016

On 11 March 2015, Royal Unibrew initiated a share buy-back programme, cf.
company announcement no. 2/2015 of 10 March 2015. The programme was 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 was expected to be realised in the period from 11
March 2015 to 1 March 2016. The total share buy-back in the period would not
exceed a market price of DKK 350 million.

The following transactions have been made under the programme:

                        Number of    Average purchase     Transaction value,
                         shares           price                  DKK

Accumulated, last 1,363,063 248.43 338,624,404.49
announcement

15 February 2016 5,868 271.20 1,591,406.29

16 February 2016 6,519 273.50 1,782,943.89

17 February 2016 11,023 274.54 3,026,203.71

18 February 2016 6,085 277.40 1,687,985.09

19 February 2016 6,500 277.30 1,802,473.40

22 February 2016 5,283 280.97 1,484,362.94

Accumulated under the 1,404,341 249.23 349,999,779.81
programme

Royal Unibrew’s accumulated share buy-back from 11 March 2015 to 22 February
2016 amounts to 1,404,341 shares at a total cost of DKK 350 million. The
announced share buy-back programme has thus been completed.

The transactions stated above imply that Royal Unibrew A/S now owns a total of
1,704,341 treasury shares of a nominal value of DKK 2 each, corresponding to
3.1% 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

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