Royal UNIBREW

Transaction in Own Shares • Nov 20, 2013

Company announcement No 55/2013 – 20 November 2013

On 16 September 2013, Royal Unibrew initiated a share buy-back programme, cf.
company announcement no. 44/2013 of 16 September 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 was expected to be realised in the
period from 17 September 2013 to 20 November 2013. The maximum total share
buy-back in the period would represent 21,988 shares (a nominal value of DKK
0.2 million) corresponding to 0.2% of the share capital.

The following transactions have been made under the programme:

                          Number    Average purchase     Transaction value, 
                            of            price                  DKK        
                          shares

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Accumulated, last 21,238 675.82 14,353,050.61
announcement

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18 November 2013 250 698.95 174,737.50

19 November 2013 250 697.73 174,432.50

20 November 2013 250 702.16 175,540.00

Accumulated under the 21,988 676.63 14,877,760.61
programme

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Royal Unibrew’s accumulated share buy-back from 1 September 2013 to 20 November
2013 amounted to 21,988 shares at a total cost of DKK 15 million. The
announced share buy-back programme has thus been completed.

The transactions stated above imply that Royal Unibrew A/S now owns a total of
60,000 treasury shares of a nominal value of DKK 10 each, corresponding to 0.5%
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