Royal UNIBREW

M&A Activity • Oct 15, 2012

Company announcement No 15/2012– 15 October 2012

The Polish brewery company Van Pur S.A. has today exercised the option to
purchase Royal Unibrew’s shares of the brewery company granted by Royal Unibrew
A/S in connection with the merger of Van Pur with Royal Unibrew’s subsidiary
Royal Unibrew Polska Sp. Z o.o. and Van Pur S.A. in March 2011, see Company
Announcement No 4/2011 of 18 March 2011.

In accordance with the option, Royal Unibrew A/S has sold all of its shares of
Van Pur S.A. at PLN 111 million. The selling price of the shares corresponds to
the carrying amount at the time of sale; consequently, the sale will not affect
Royal Unibrew’s consolidated profit for 2012. The sale has reduced
interest-bearing debt by DKK 200 million.

The previously announced outlook for 2012 is maintained.

As announced in Company Announcement No 42/2012 of 28 August 2012, the Board of
Directors intends – in connection with the stepwise sale of the brewery site in
Aarhus and Van Pur’s exercise of its purchase option agreement concerning Royal
Unibrew’s investments in Van Pur – to increase distribution taking into account
Royal Unibrew’s financial targets and strategic matters in general. The Board
of Directors thus expects Royal Unibrew to distribute extraordinarily approx
DKK 500 million over the coming years. The above-mentioned Company Announcement
also announced that share buy-backs in the period between the Annual General
Meetings in 2012 and 2013 will extraordinarily be increased by DKK 50 million,
and that an extraordinary increase of dividend by DKK 50 million in 2013 is
proposed. Information on any extraordinary distribution for 2013 in addition to
that already announced will be provided in connection with the publication of
the Annual Report for 2012.

Yours sincerely

Royal Unibrew A/S

Henrik Brandt

CEO

Please direct any questions to me at tel +45 56 77 15 13.