Royal UNIBREW

Transaction in Own Shares • Sep 17, 2012

Company announcement No 48/2012– 17 September 2012

On 1 May 2012, Royal Unibrew initiated a share buy-back programme, cf. company
announcement no. 20/2012 of 30 April 2012. Cf. company announcement no. 42/2012
of 28 August 2012 the existing share buy-back programme has been increased and
extended.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 1 May 2012 to 25 April 2013. The total share
buy-back in the period will not exceed a market price of DKK 210 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 191,001 388.06 74,119,252.76
announcement

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September 10, 2012 2,386 430.33 1,026,776.92

September 11, 2012 1,581 427.33 675,614.42

September 12, 2012 1,902 427.61 813,310.42

September 13, 2012 2,858 425.80 1,216,928.11

September 14, 2012 4,673 427.86 1,999,389,79

Accumulated under the 204,401 390.66 79,851,272.42
programme

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With the transactions stated above, Royal Unibrew owns a total of 225,049
shares, corresponding to 2.1% of the share capital. The total amount of shares
in the company is 10,570,000 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