Royal UNIBREW

Transaction in Own Shares • Sep 10, 2012

COMPANY ANNOUNCEMENT N0 46/2012 – 10 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 program me:

	Number of shares	Average purchase price	Transaction value, DKK
Accumulated, last announcement	177,435	384.83	68,281,808.51
September 3, 2012	221	423.00	93,483.00
September 4, 2012	1,450	430.00	623,500.00
September 5, 2012	4,043	429.70	1,737,285.19
September 6, 2012	2,688	430.07	1,156,026.01
September 7, 2012	5,164	431.28	2,227,150.05
Accumulated under the programme	191,001	388.06	74,119,252.76

With the transactions stated above, Royal Unibrew owns a total of 211,649 shares, corresponding to 2.0% 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

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