Royal UNIBREW

Transaction in Own Shares • Nov 18, 2013

Company announcement No 54/2013 – 18 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 is expected to be realised in the
period from 17 September 2013 to 20 November 2013. The maximum total share
buy-back in the period will 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 19,885 674.73 13,416,989.66
announcement

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11 November 2013 250 700.85 175,212.50

12 November 2013 300 683.05 204,915.00

13 November 2013 300 680.25 204,075.00

14 November 2013 250 699.05 174,762.50

15 November 2013 253 699.98 177,095.95

Accumulated under the 21,238 675.82 14,353,050.61
programme

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Following the transactions stated above, Royal Unibrew owns a total of 59,250
shares, corresponding to 0.5% of the Company’s share capital. The Company has a
total number of 11,098,500 shares, 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