Royal UNIBREW

Transaction in Own Shares • Nov 9, 2015

Company announcement No 47/2015 – 9 November 2015

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    Average purchase     Transaction value, 
                            of            price                  DKK        
                          shares

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Accumulated, last 924,662 237.24 219,370,199.10
announcement

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2 November 2015 8,549 265.09 2,266,289.46

3 November 2015 5,178 264.85 1,371,381.39

4 November 2015 8,103 267.02 2,163,685.75

5 November 2015 9,204 266.99 2,457,375.96

6 November 2015 8,000 261.91 2,095,297.60

Accumulated under the 963,696 238.38 229,724,229.26
programme

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With the transactions stated above, Royal Unibrew owns a total of 1,263,696
shares, corresponding to 2.3% 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