Royal UNIBREW

Transaction in Own Shares • Aug 31, 2015

Company announcement No 37/2015 – 31 August 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 660,928 236.70 156,443,843.32
announcement

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24 August 2015 8,278 216.86 1,795,148.04

25 August 2015 4,567 223.95 1,022,797.92

26 August 2015 3,000 222.34 667,031.70

27 August 2015 9,139 227.44 2,078,570.50

28 August 2015 5,446 224.01 1,219,985.15

Accumulated under the 691,358 236.09 163,227,376.63
programme

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With the transactions stated above, Royal Unibrew owns a total of 991,358
shares, corresponding to 1.8% 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