Royal UNIBREW

Transaction in Own Shares • May 7, 2012

Company announcement n0 23/2012– 7 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

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Accumulated, last 0 0 0
announcement

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May 1, 2012 1,814 390.97 709,219.58

May 2, 2012 2,811 394.33 1,108,453.48

May 3, 2012 2,500 395.00 987,500.00

Accumulated under the 7,125 393.71 2,805,173.06
programme

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With the transactions stated above, Royal Unibrew owns a total of 28,390
shares, corresponding to 0.3% of the share capital. The total amount of shares
in the company is 10,570,000, 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