Royal UNIBREW

Transaction in Own Shares • Oct 19, 2015

Company announcement No 44/2015 – 19 October 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 850,946 235.53 200,423,573.39
announcement

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12 October 2015 1,436 241.87 347,318.14

13 October 2015 1,694 243.70 412,821.53

14 October 2015 2,080 243.68 506,845.87

15 October 2015 3,295 246.49 812,195.09

16 October 2015 4,500 246.59 1,109,658.60

Accumulated under the 863,951 235.68 203,612,412.63
programme

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With the transactions stated above, Royal Unibrew owns a total of 1.163,951
shares, corresponding to 2.1% 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