Royal UNIBREW

Transaction in Own Shares • Jun 29, 2015

Company announcement No 23/2015 – 29 June 2015

On 30 April 2013, Royal Unibrew initiated a share buy-back programme, cf.
company announcement no. 20/2013 of 30 April 2013. 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 374,182 241.81 90,481,955.12
announcement

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22 June 2015 4,029 236.84 954,213.05

23 June 2015 3,540 239.11 846,441.97

24 June 2015 8,176 237.14 1,938,874.63

25 June 2015 3,787 233.96 885,989.48

26 June 2015 4,233 235.71 997,773.55

Accumulated under the 397,947 241.50 96,105,247.79
programme

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With the transactions stated above, Royal Unibrew owns a total of 697,947
shares, corresponding to 1.3% 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