Royal UNIBREW

Transaction in Own Shares • Jan 11, 2016

Company announcement No 2/2016 – 11 January 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 is expected to be realised in the period from 11
March 2015 to 1 March 2016. The total share buy-back in the period will 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

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Accumulated, last 1,192.118 245.33 292,463,165.42
announcement

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4 January 2016 7,809 270.37 2,111.298.25

5 January 2016 3,909 269.21 1,052,344.24

6 January 2016 6,966 267.71 1,864,835.12

7 January 2016 1,222 265.89 324,923.57

8 January 2016 8,890 269.67 2,397,343.19

Accumulated under the 1,220,914 245.89 300,213,909.77
programme

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With the transactions stated above, Royal Unibrew owns a total of 1,520,914
shares, corresponding to 2.7% 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