Royal UNIBREW

Transaction in Own Shares • Aug 17, 2015

Company announcement No 34/2015 – 17 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 595,469 238.14 141,806,787.44
announcement

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10 August 2015 2,266 224.04 507,684.61

11 August 2015 7,734 223.01 1,724,730.72

12 August 2015 10,000 219.28 2,192,758.00

13 August 2015 9,631 218.22 2,101,697.05

14 August 2015 3,732 217.12 810,275.42

Accumulated under the 628,832 237.18 149,143,933.24
programme

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With the transactions stated above, Royal Unibrew owns a total of 928,832
shares, corresponding to 1.7% 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