Royal UNIBREW

Transaction in Own Shares • Oct 12, 2015

Company announcement No 43/2015 – 12 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 831,966 235.24 195,711,420.45
announcement

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5 October 2015 5,200 252.41 1,312,543.44

6 October 2015 1,511 252.07 380,884.87

7 October 2015 5,769 249.71 1,440,551.03

8 October 2015 1,500 245.25 367,868.10

9 October 2015 5,000 242.06 1,210,305.50

Accumulated under the 850,946 235.53 200,423,573.39
programme

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With the transactions stated above, Royal Unibrew owns a total of 1.150.946
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