Royal UNIBREW

Transaction in Own Shares • May 4, 2015

Company announcement No 12/2015 – 4 May 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 38,166 1,202.13 45,880,757.25
announcement

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27 April 2015 852 1,273.41 1,084,946.00

28 April 2015 760 1,284.75 976,409.01

29 April 2015 1,845 1,254.91 2,315,306.0

30 April 2015 564 1,251.53 705,865.01

Accumulated under the 42,187 1,208.03 50,963,283.27
programme

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With the transactions stated above, Royal Unibrew owns a total of 102,187
shares, corresponding to 0.9% of the share capital. The total amount of shares
in the company is 11,098,500, 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