Royal UNIBREW

Transaction in Own Shares • Aug 20, 2012

COMPANY ANNOUNCEMENT N0 40/2012 – 20 AUGUST 2012

On 1 May 2012, Royal Unibrew initiated a share buy-back programme, cf. company announcement no. 20/2012 of 30 April 2012. 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 buyback programme is expected to be realised in the period from 1 May 2012 to 13 November 2012. The total share buy-back in the period will not exceed a market price of DKK 125 million.

The following transactions have been made under the programme:

	Number of shares	Average purchase price	Transaction value, DKK
Accumulated, last announcement	151,836	383.22	58,186,050.55
August 13, 2012	1,267	377.32	478,064.44
August 14, 2012	1,087	379.15	412,136.05
August 15, 2012	2,500	376.96	942,400.00
August 16, 2012	2,500	373.29	933,225.00
August 17, 2012	-	-	-
Accumulated under the programme	159,190	382.89	60,951,876.04

With the transactions stated above, Royal Unibrew owns a total of 180,455 shares, corresponding to 1.7% 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.