Royal UNIBREW

Transaction in Own Shares • May 14, 2012

Company announcement no 24/2012– 14 May 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
buy-back 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    Average purchase     Transaction value, 
                            of            price                  DKK        
                          shares

---

Accumulated, last 7,125 393.71 2,805,173.06
announcement

---

May 7, 2012 1,900 389.72 740,468.00

May 8, 2012 2,430 396.24 962,863.20

May 9, 2012 3,700 392.19 1,451,103.00

May 10, 2012 1,273 391.38 498,226.74

May 11, 2012 499 388.96 194,091.04

Accumulated under the 16,927 392.98 6,651,925.04
programme

---

With the transactions stated above, Royal Unibrew owns a total of 654,690
shares before the share capital reduction (38,192 shares after the share
capital reduction), corresponding to 5.9% (0.4%) of the share capital. The
total amount of shares in the company is 11,186,498 before the share capital
reduction (10,570,000 shares after the capital reduction), including treasury
shares (cf. company announcement no. 21/2012 of 30 April 2012 – Minutes of the
AGM).

Please direct any queries to me at tel. +45 56 77 15 05.

Yours sincerely

Royal Unibrew A/S

Lars Jensen

CFO