Royal UNIBREW

Transaction in Own Shares • Mar 23, 2015

COMPANY ANNOUNCEMENT NO 3/2015 – 23 MARCH 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 buyback programme is expected to be realised in the period from 11 March 2015 to 1 March 2016. The total share buyback in the period will not exceed a market price of DKK 350 million.

The following transactions have been made under the programme:

	Number of shares	Average purchase price	Transaction value, DKK
Accumulated, last announcement	0	0.00	0.00
11 March 2015	658	1,248.23	821,336.99
12 March 2015	3,000	1,231.48	3,694,434.00
13 March 2015	2,000	1,210.18	2,420,367.00
16 March 2015	1,280	1,210.09	1,548,914.94
17 March 2015	1,668	1,195.10	1,993,432.97
18 March 2015	3,500	1,193.06	4,175,713.50
19 March 2015	2,106	1,175.87	2,476,392.12
20 March 2015	2,327	1,183.63	2,754,300.03
Accumulated under the programme	16,539	1,202.30	19,884,891.55

With the transactions stated above, Royal Unibrew owns a total of 76,539 shares, corresponding to 0.7% 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

The Announcement has been prepared in Danish and English. In case of discrepancy, the Danish version shall prevail.