Royal UNIBREW

Transaction in Own Shares • Jan 4, 2016

Company announcement No 1/2016 – 4 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 1,187.496 245.22 291,194,690.28
announcement

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21 December 2015 1,356 271.40 368,021.66

22 December 2015 2,266 275.23 623,667.78

23 December 2015 1,000 276.79 276,785.70

24 December 2015 0 0 0

25 December 2015 0 0 0

Accumulated under the 1,192,118 245.33 292,463,165.42
programme

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With the transactions stated above, Royal Unibrew owns a total of 1,492,118
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